Helmerich & Payne, Inc. — Director's Dealing 2004

Dec 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELMERICH & PAYNE INC (HP)
CIK: 0000046765
Period of Report: 2004-12-01

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-01	Common Stock (right to buy)	$32.02	A	25000	Acquired	2014-12-01	Common Stock (25000)	Direct

Footnotes

F1: These options were granted under the Helmerich & Payne, Inc. 2000 Stock Incentive Plan on 12/01/04. These options vest over 4 years in 25% increments. The noted date represents the first date options vest and become exercisable.