ORACLE CORP — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORACLE CORP (ORCL)
CIK: 0001341439
Period of Report: 2011-01-27

Reporting Person: Kurian Thomas (EVP-Product Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	M	150000	$20.49	Acquired	179812	Direct
2011-01-27	Common Stock	S	150000	$32.31	Disposed	29812	Direct
2011-01-27	Common Stock	M	701747	$20.73	Acquired	731559	Direct
2011-01-27	Common Stock	S	701747	$32.28	Disposed	29812	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Stock Option	$20.49	M	150000	Disposed	2017-07-05	Common Stock (150000)	Direct
2011-01-27	Stock Option	$20.73	M	701747	Disposed	2018-07-03	Common Stock (701747)	Direct

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $32.29 to $32.41. 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.

F3: This transaction was executed in multiple trades at prices ranging from $32.27 to $32.32. 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.