UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
May 9, 2014
Commission File Number 1-15200
Statoil ASA
(Translation of registrant’s name into English)
FORUSBEEN 50, N-4035, STAVANGER, NORWAY
(Address of principal executive offices )
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
This Report on Form 6-K contains a press release issued by Statoil ASA on May 9, 2014, entitled " Notifiable trading ".
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)
The above information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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STATOIL ASA |
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Dated: May 9, 2014 |
By: |
___/s/ Torgrim Reitan |