Filing Details

Accession Number:
0001292850-11-000021
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-01-05 20:47:03
Reporting Period:
2011-01-03
Filing Date:
2011-01-05
Accepted Time:
2011-01-05 20:47:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
833081 Pride International Inc PDE Drilling Oil & Gas Wells (1381) 760069030
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1292850 D Lonnie Bane 5847 San Felipe, Suite 3300
Houston TX 77057
Srvp - Human Resources & Admin No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-01-03 9,656 $0.00 73,072 No 4 A Direct
Common Stock Disposition 2011-01-04 7,380 $31.95 65,692 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (right to buy) Acquisiton 2011-01-03 26,910 $0.00 26,910 $32.47
Common Stock Performance-Based Restricted Stock Units Acquisiton 2011-01-03 11,084 $0.00 0 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
26,910 2021-01-03 No 4 A Direct
11,084 2014-03-15 2014-03-15 No 4 A Direct
Footnotes
  1. The total number of shares beneficially owned by the reporting person includes 171 shares and 196 shares that were purchased through the employee stock purchase plan for the six months ended June 30, 2010 and December 31, 2010, respectively.
  2. This sale was effected pursuant to a Rule 10b5-1 trading plan.
  3. This transaction was executed in multiple trades at prices ranging from $31.51 to $32.27. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  4. The options become exercisable in three equal annual installments beginning on January 3, 2012.
  5. The performance-based restricted stock units vest as to one-third annually over a three-year period in an amount ranging from 0-150% of the units awarded based upon company total shareholder return compared with the total shareholder return of a designated peer group over a performance period corresponding to the vesting periods. The units provide for payment of all earned shares in common stock following the end of the three-year period.