1. Settlement
The 2014 Performance based Restricted Stock Unit
("PRSU") program settled on
June 6, 2017. Employees in Petroleum Geo-Services ASA and
subsidiaries ("PGS" or "the Company") have received a total number
of 642 900 shares. Following the transaction, 642 900 shares
will be transferred from the Company's holding of own shares.
Subsequent to the transaction Petroleum
Geo-Services ASA holds 45 264 own shares.
2. Receipt of shares by primary insiders
Out of the abovementioned shares, the following
were received by primary insiders:
Jon Erik Reinhardsen has received 36 000 shares in
the Company.
Gottfred Langseth has received 21 600 shares in
the Company.
Guillaume Cambois has received 21 600 shares in
the Company.
Sverre Strandenes has received 21 600 shares in
the Company.
Per Arild Reksnes has received 21 600 shares in
the Company.
Magne A. Reiersgard has received 21 600 shares in
the Company.
Rune Olav Pedersen has received 9 600 shares in
the Company.
Terje Bjølseth has received 9 600 shares in the
Company.
Joanna Oustad has received 9 600 shares in
the Company.
Berit Osnes has received 6 000 shares in the
Company.
David J. Dakin has received 3 000 shares in the
Company.
Anette Valbø has received 2 700 shares in the
Company.
Christin Steen-Nilsen has received 2 700 shares in
the Company.
Bård Stenberg has received 2 350 shares in the
Company.
Kai Reith has received 2 150 shares in the
Company.
Hege Renshus has received 1 200 shares in the
Company.
3. Sale of shares
On June 6th, the primary insiders mentioned below
ordered for the received shares to be immediately sold by a third
party.
The sales amount was determined on the basis of
the price subsequently obtained by the third party when selling the
shares in the market. All primary insiders
mentioned below sold their shares for a price of NOK 16.9768.
Guillaume Cambois has sold 6 079 shares in the
Company.
Sverre Strandenes has sold 10 638 shares in the
Company.
Per Arild Reksnes has sold 10 855 shares in the
Company.
Magne A. Reiersgard has sold 6 774 shares in the
Company.
David J. Dakin has sold 3 000 shares in the
Company.
Christin Steen-Nilsen has sold 1 280 shares in the
Company.
Anette Valbø has sold 1 280 shares in the
Company.
4. New holding
After completion of the above mentioned
transactions, Jon Erik Reinhardsen holds 210 000 PRSU/RSU in the
Company. As of today the primary insider holds 346 574 shares
in the Company.
After completion of the above mentioned
transactions, Gottfred Langseth holds 90 000 PRSU/RSU in the
Company. As of today the primary insider holds 150 106 shares
in the Company.
After completion of the above mentioned
transactions, Guillaume Cambois holds 90 000 PRSU/RSU in the
Company. As of today the primary insider holds 162 817
shares in the Company.
After completion of the above mentioned
transactions, Sverre Strandenes holds 90 000 PRSU/RSU in the
Company. As of today the primary insider holds 64 583
shares in the Company.
After completion of the above mentioned
transactions, Per Arild Reksnes holds 90 000 PRSU/RSU in the
Company. As of today the primary insider holds 59 263
shares in the Company.
After completion of the above mentioned
transactions, Magne A. Reiersgard holds 90 000 PRSU/RSU in the
Company. As of today the primary insider holds 61 189
shares in the Company.
After completion of the above mentioned
transactions, Rune Olav Pedersen holds 115 000 PRSU/RSU in the
Company. As of today the primary insider holds 32 617
shares in the Company.
After completion of the above mentioned
transactions, Terje Bjølseth holds 40 000 PRSU/RSU in the Company.
As of today the primary insider holds 47 088
shares in the Company.
After completion of the above mentioned
transactions, Joanna Oustad holds 40 000 PRSU/RSU in the Company.
As of today the primary insider holds 56 034
shares in the Company.
After completion of the above mentioned
transactions, Berit Osnes holds 20 000 PRSU/RSU in the Company. As
of today the primary insider holds 21 186
shares in the Company.
After completion of the above mentioned
transactions, David J. Dakin holds 12 000 PRSU/RSU in the Company.
As of today the primary insider holds 7 753
shares in the Company.
After completion of the above mentioned
transactions, Bård Stenberg holds 16 500 PRSU/RSU in the Company.
As of today the primary insider holds 6 936
shares in the Company.
After completion of the above mentioned
transactions, Anette Valbø holds 10 000 PRSU/RSU in the Company. As
of today the primary insider holds 7 142 shares in
the Company.
After completion of the above mentioned
transactions, Christin Steen-Nilsen holds 10 000 PRSU/RSU in the
Company. As of today the primary insider holds
7 012 shares in the Company.
After completion of the above mentioned
transactions, Kai Reith holds 14 000 PRSU/RSU in the Company. As of
today the primary insider holds 9 341 shares in the Company.
After completion of the above mentioned
transactions, Hege Renshus holds 4 400 PRSU/RSU in the Company. As
of today the primary insider holds 1 918 shares in the Company.
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Petroleum Geo-Services ASA via Globenewswire
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