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Statoil: Notifiable Trading

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.

Name Acquired shares New shares holding
Bacher, Lars Christian 2,114 21,704
Dodson, Timothy 2,297 23,363
Gjærum, Reidar 1,255 21,208
Hilland, Jannicke 1,124 10,782
Hovden, Magne Andre 1,167 8,905
Klouman, Hans Henrik 2,402 19,183
Knight, John Nicholas 9,525 69,842
Lund, Helge 5,493 67,336
Nafstad, Hilde Merete 916 6,361
Nylund, Arne Sigve 2,074 6,859
Reitan, Torgrim 2,179 23,460
Skeie, Svein 1,023 17,609
Sætre, Eldar 2,456 28,666
Øvrum, Margareth 2,481 36,439

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:

Name Allocated shares* New share holding*
Maloney, William 528.170103 42,888.776024

*American Depositary Receipts (ADR)

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