Helmerich & Payne, Inc. — Director's Dealing 2005

Aug 1, 2005

SEC Form 4/A — Form 4/A

Issuer: HELMERICH & PAYNE INC (HP)
CIK: 0000046765
Period of Report: 2005-05-27

Reporting Person: DOTSON GEORGE S (Director, Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-27	Common Stock	M	28840	$10.6545	Acquired	95692	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-27	Common Stock (right to buy)	$10.6545	M	28840	Disposed	2005-12-06	Common Stock (28840)	Direct

Footnotes

F1: Includes the following shares held indirectly: 5,089 shares in the reporting person's 401(k) account; and 45,554 shares with respect to which beneficial ownership is disclaimed as such shares are owned by the reporting person's spouse.

F2: These options were granted under the Helmerich & Payne, Inc. 1990 Stock Option Plan (Rule 16b-3) on 12/6/95 at an exercise price of $28.00, $14.00 post stock-split, and finally adjusted to $10.6545 post-spinoff. These options vested over 5 years in 20% increments. The noted date is the date options first vested.