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Helmerich & Payne, Inc. Director's Dealing 2005

Dec 6, 2005

14858_dirs_2005-12-06_6c74ed0c-80dd-4049-9faa-60702bc3e974.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELMERICH & PAYNE INC (HP)
CIK: 0000046765
Period of Report: 2005-12-05

Reporting Person: FEARS DOUGLAS E (Vice President & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-12-05 Common Stock A 5000 $0.00 Acquired 25401 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-12-05 Common Stock (right to buy) $60.475 A 17500 Acquired 2015-12-05 Common Stock (17500) Direct

Footnotes

F1: Includes 204 shares held indirectly in the reporting person's 401(k) account.

F2: These options were granted under the Helmerich & Payne, Inc. 2000 Stock Incentive Plan on 12/05/05. These options vest over 4 years in 25% increments. The noted date represents the first date options vest and become exercisable.