1. Employees in PGS have on October 31, 2012 exercised a total number of 213 817 options. Following the exercise, 213 817 shares will be transferred from Petroleum Geo-Services holding of own shares.
Subsequent to the transaction Petroleum Geo-Services ASA holds 1 015 607 own shares.
2. Options exercised by primary insiders on October 31, 2012:
Jostein Ueland has exercised 13 334 options in the Company, corresponding to 13 334 shares at the strike price of NOK 39.19.
Christin Steen-Nilsen has exercised 3 334 options in the Company, corresponding to 3 334 shares at the strike price of NOK 39.19.
Gottfred Langseth has exercised 30 000 options in the Company, corresponding to 30 000 shares at the strike price of NOK 39.19.
Jon Erik Reinhardsen has exercised 50 000 options in the Company, corresponding to 50 000 shares at the strike price of NOK 39.19.
3. Transfer of rights
On October 31, 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 98.8904 per right.
Jostein Ueland transferred 13 334 rights.
Christin Steen-Nilsen transferred 3 334 rights.
Gottfred Langseth transferred 30 000 rights.
Jon Erik Reinhardsen transferred 50 000 rights.
4. New holding
After exercising options, Jostein Ueland holds 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 77.29, 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 76.02 and 8 000 restricted share units in the Company. As of today the primary insider holds 2 009 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 131.95, 5 000 unexercised options in the Company, corresponding to 5 000 shares at the strike price of NOK 77.29, 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 76.02 and 2 000 restricted share units in the Company. As of today the primary insider holds 4 143 shares in the company.
After exercising options, Gottfred Langseth holds 90 000 unexercised options in the Company, corresponding to 90 000 shares at the strike price of NOK 131.95, 45 000 unexercised options in the Company, corresponding to 45 000 shares at the strike price of NOK 77.29, 45 000 unexercised options in the Company, corresponding to 45 000 shares at the strike price of NOK 76.02, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 39.19 and 18 000 restricted share units in the Company. As of today the primary insider holds 30 711 shares in the company.
After exercising options, Jon Erik Reinhardsen holds 150 000 unexercised options in the Company, corresponding to 150 000 shares at the strike price of NOK 131.95, 75 000 unexercised options in the Company, corresponding to 75 000 shares at the strike price of NOK 77.29, 75 000 unexercised options in the Company, corresponding to 75 000 shares at the strike price of NOK 76.02, 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 39.19, and 30 000 restricted share units in the Company. As of today the primary insider holds 75 275 shares in the company.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.