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

Jun 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELMERICH & PAYNE INC (HP)
CIK: 0000046765
Period of Report: 2003-06-12

Reporting Person: WHISENHUNT CLINT K (Vice Pres., Int'l Operations)

Footnotes

F1: 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.

F2: Includes 4,221 shares indirectly held in the reporting person's 401(k) account and 1,666 shares held in the reporting person's IRA account owned jointly with wife.