1. Employees in PGS have on February 24, 2012 exercised a total number of 205 679 options. Following the exercise, 205 679 shares will be transferred from Petroleum Geo-Services holding of own shares.
Subsequent to the transaction Petroleum Geo-Services ASA holds 1 018 242 own shares.
2. Options exercised by primary insiders on February 24, 2012:
Per Arild Reksnes has exercised 20 000 options in the Company, corresponding to 20 000 shares at the strike price of NOK 40.29.
Bård Stenberg has exercised 2 666 options in the Company, corresponding to 2 666 shares at the strike price of NOK 40.29.
Christin Steen-Nilsen has exercised 3 333 options in the Company, corresponding to 3 333 shares at the strike price of NOK 40.29.
Jostein Ueland has exercised 13 333 options in the Company, corresponding to 13 333 shares at the strike price of NOK 40.29.
3. Transfer of rights
On February 24, 2012, the primary insider mentioned below transferred the rights to receive shares resulting from the exercise of options to a third party. The payment was determined based on a selling price of NOK 85.52 per right.
Per Arild Reksnes transferred 20 000 rights.
Bård Stenberg transferred 2 666 rights.
Christin Steen-Nilsen transferred 3 333 rights.
Jostein Ueland transferred 13 333 rights.
4. New holding
After exercising options, Per Arild Reksnes holds 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 133.05, 45 000 unexercised options in the Company, corresponding to 45 000 shares at the strike price of NOK 78.39, 45 000 unexercised options in the Company, corresponding to 45 000 shares at the strike price of NOK 77.12 and 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 40.29. As of today the primary insider holds 7 934 shares in the company.
After exercising options, Bård Stenberg holds 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 148.49, 4 000 unexercised options in the Company, corresponding to 4 000 shares at the strike price of NOK 133.05, 3 000 unexercised options in the Company, corresponding to 3 000 shares at the strike price of NOK 78.39, 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 77.23 and 1 334 unexercised options in the Company, corresponding to 1 334 shares at the strike price of NOK 40.29. As of today the primary insider holds 607 shares in the company.
After exercising options, Christin Steen-Nilsen holds 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 133.05, 5 000 unexercised options in the Company, corresponding to 5 000 shares at the strike price of NOK 78.39, 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 77.12 and 3 334 unexercised options in the Company, corresponding to 3 334 shares at the strike price of NOK 40.29. As of today the primary insider holds 4 143 shares in the company.
After exercising options, Jostein Ueland holds 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 78.39, 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 77.12 and 13 334 unexercised options in the Company, corresponding to 13 334 shares at the strike price of NOK 40.29. As of today the primary insider holds 682 shares in the company.