Statoil: Notifiable trading
STAVANGER, NORWAY -- (Marketwire) -- 11/02/12 -- The following
primary insider has on 2 November acquired shares in Statoil ASA
(OSE:STL, NYSE:STO) at share price of NOK 140.40 in connection with
the company's long-term incentive program.
The long-term incentive program 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 new total shareholding
is listed in the table below. The
trade has been made through DNB
Bacher, Lars Christian 223
This information is subject of the disclosure requirements pursuant
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil via Thomson Reuters ONE
Lars Troen Sorensen
Senior Vice President for Investor Relations
+47 51 99 77 90
+47 90 64 91 44
Vice President for Investor Relations in the USA
+1 203 978 6950
+1 203 570 5757
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