Helmerich & Payne, Inc. — Director's Dealing 2016

Dec 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Helmerich & Payne, Inc. (HP)
CIK: 0000046765
Period of Report: 2016-12-05

Reporting Person: RUST EDWARD B JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-05	Common Stock	A	1133	$0.00	Acquired	30310	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-05	Stock Option (right to buy)	$81.31	A	4790	Acquired	2026-12-05	Common Stock (4790)	Direct
2016-12-06	Phantom Stock	$	A	330.7295	Acquired		Common Stock (330.7295)	Direct

Footnotes

F1: Phantom shares relate to the Helmerich & Payne, Inc. Director Deferred Compensation Plan.

F2: 1-for-1.

F3: The shares of phantom stock become payable, in cash only, at the election of the reporting person either (1) in a lump sump payable no later than 60 days following the termination of the reporting person's service as a director or (2) in annual installments for a period of 'x' years (not to exceed 10).