ORACLE CORP — Director's Dealing 2011

Apr 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORACLE CORP (ORCL)
CIK: 0001341439
Period of Report: 2011-04-21

Reporting Person: Fowler John F (EVP, Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-21	Common Stock	M	160000	$24.76	Acquired	178564.797	Direct
2011-04-21	Common Stock	S	160000	$34.48	Disposed	18564.797	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-21	Stock Option	$24.76	M	160000	Disposed	2020-03-04	Common Stock (160000)	Direct

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $34.47 to $34.49. 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: Of the amount of securities beneficially owned, 18,564.797 shares represent unvested awards of restricted stock units.