Helmerich & Payne, Inc. — Director's Dealing 2003

Dec 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELMERICH & PAYNE INC (HP)
CIK: 0000046765
Period of Report: 2003-12-03

Reporting Person: HELMERICH HANS (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-03	Common Stock (right to buy)	$24.1600	A	90000.0000	Acquired	2013-12-03	Common Stock (90000.0000)	Direct

Footnotes

F1: These options were granted under the Helmerich & Payne, Inc. 2000 Stock Incentive Plan on 12/03/03. These options vest over 4 years in 25% increments. The noted date represents the first date options vest and become exercisable.