STAVANGER, Norway, May 9, 2014 (GLOBE NEWSWIRE) -- The following primary insiders have on 8 May acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at a share price of NOK 185.20 in connection with the company's long-term incentive programme.
The long-term incentive programme is a fixed, monetary compensation calculated as a portion of the participant's base salary; ranging from 20 - 30 per cent depending on the individual's position. On behalf of the participant, the company acquires shares equivalent to the net annual amount. The grant is subject to a three year lock-in period.
Number of acquired shares and their new total shareholding is listed in the table below. The trade has been made through DNB Markets.
|Bacher, Lars Christian||2,114||21,704|
|Hovden, Magne Andre||1,167||8,905|
|Klouman, Hans Henrik||2,402||19,183|
|Knight, John Nicholas||9,525||69,842|
|Nafstad, Hilde Merete||916||6,361|
|Nylund, Arne Sigve||2,074||6,859|
As participant in the Statoil US Employee Share Savings plan, the Statoil ASA primary-insider Mr. William Maloney has been allocated shares on 8 May 2014, at an average price of USD 26.56:
*American Depositary Receipts (ADR)
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Hilde Merete Nafstad, SVP Investor Relations, mbl +47 95783911 Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524