ORACLE CORP — Director's Dealing 2010

Apr 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORACLE CORP (ORCL)
CIK: 0001341439
Period of Report: 2010-04-05

Reporting Person: PHILLIPS JR CHARLES E (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-05	Common Stock	M	187500	$10.23	Acquired	192500	Direct
2010-04-05	Common Stock	M	500000	$12.34	Acquired	692500	Direct
2010-04-05	Common Stock	M	1500000	$20.49	Acquired	2192500	Direct
2010-04-05	Common Stock	M	1000000	$20.73	Acquired	3192500	Direct
2010-04-05	Common Stock	S	3187500	$25.55	Disposed	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-05	Stock Option	$10.23	M	187500	Disposed	2014-08-27	Common Stock (187500)	Direct
2010-04-05	Stock Option	$12.34	M	500000	Disposed	2015-06-20	Common Stock (500000)	Direct
2010-04-05	Stock Option	$20.49	M	1500000	Disposed	2017-07-05	Common Stock (1500000)	Direct
2010-04-05	Stock Option	$20.73	M	1000000	Disposed	2018-07-03	Common Stock (1000000)	Direct

Footnotes

F1: Option vests 25% annually on anniversary of grant date.

F2: This transaction was executed in multiple trades at prices ranging from $25.36 to $25.73. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.