ORACLE CORP — Director's Dealing 2011

Mar 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORACLE CORP (ORCL)
CIK: 0001341439
Period of Report: 2011-03-29

Reporting Person: LUCAS DONALD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-29	Common Stock	M	17500	$14.02	Acquired	17500	Direct
2011-03-29	Common Stock	M	26250	$19.38	Acquired	43750	Direct
2011-03-29	Common Stock	M	26250	$22.84	Acquired	70000	Direct
2011-03-29	Common Stock	M	22500	$19.59	Acquired	92500	Direct
2011-03-29	Common Stock	S	92500	$32.9842	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-29	Stock Option	$14.02	M	17500	Disposed	2016-05-31	Common Stock (17500)	Direct
2011-03-29	Stock Option	$19.38	M	26250	Disposed	2017-05-31	Common Stock (26250)	Direct
2011-03-29	Stock Option	$22.84	M	26250	Disposed	2018-05-31	Common Stock (26250)	Direct
2011-03-29	Stock Option	$19.59	M	22500	Disposed	2019-05-31	Common Stock (22500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Indirect

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $32.961 to $33.01. The price reported above reflects the weighted average purchase 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.