STAVANGER, Norway, May 10, 2016 (GLOBE NEWSWIRE) -- 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 |
| LTI |
|Bacher Lars Christian||23 896||1470|
|Dodson Timothy*||31 458||1544|
|Gjærum Reidar||26 772||890|
|Hegge, Hans Jakob||26 063||1743|
|Hovden Magne Andre||14 021||848|
|Klouman Hans Henrik||28 090||1577|
|Knight John Nicholas||100 501||12936|
|Mathieu Philippe François||10 771||674|
|Nylund, Arne Sigve||10 863||1602|
|Opedal Anders||16 085||1329|
|Reitan, Torgrim||31 053||1618|
|Rummelhoff, Irene||19 719||1724|
|Skeie Svein||23 308||743|
|Sætre Eldar||44 852||4149|
|Økland, Jens||13 383||1997|
|Øvrum Margareth||46 249||1601|
* 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)
CONTACT: Peter Hutton, SVP Investor Relations, mbl: +44 7881 918 792 Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524Source:Statoil