Statoil ASA: Notifiable trading

The following primary insiders have on 9 May 2016 acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at a share price of NOK 136.38 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 New total
Bacher Lars Christian23 8961470
Dodson Timothy*31 4581544
Gjærum Reidar26 772890
Hegge, Hans Jakob26 0631743
Hovden Magne Andre14 021848
Klouman Hans Henrik28 0901577
Knight John Nicholas100 50112936
Mathieu Philippe François10 771674
Nylund, Arne Sigve10 8631602
Opedal Anders16 0851329
Reitan, Torgrim31 0531618
Rummelhoff, Irene19 7191724
Skeie Svein23 308743
Sætre Eldar44 8524149
Økland, Jens13 3831997
Øvrum Margareth46 2491601

* In addition, the following primary insider in Statoil ASA has sold shares in Statoil ASA:

Tim Dodson, Executive Vice President in Statoil ASA has on 9 May 2016 sold 4,000 shares in Statoil ASA at a price of NOK 133.6 per share and will after the sale hold 27,458 shares in Statoil ASA (including the shares allocated through the LTI scheme).

  This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: Statoil via GlobeNewswire