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

Jul 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELMERICH & PAYNE INC (HP)
CIK: 0000046765
Period of Report: 2003-07-17

Reporting Person: MACKEY STEVEN R (Vice Pres., General Counsel)

Footnotes

F1: Includes 1,190 shares indirectly held in the reporting person's 401(k) account.

F2: These options were granted under the Helmerich & Payne, Inc. 1996 Stock Incentive Plan (Rule 16b-3 plan) on 12/2/98 at an exercise price of $16.8125, and $12.7949 post-spinoff. These options vest over 4 years in 25% increments. The noted date represents the first date options vested.