RPC INC — Director's Dealing 2008

Jan 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RPC INC (RES)
CIK: 0000742278
Period of Report: 2008-01-24

Reporting Person: HUBBELL RICHARD A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-24	Common Stock	F	2839	$9.99	Disposed	863602	Direct
2008-01-25	Common Stock	F	3436	$10.19	Disposed	860166	Direct
2008-01-25	Common Stock	M	51252	$3.33	Acquired	911418	Direct
2008-01-25	Common Stock	F	16749	$10.19	Disposed	894669	Direct
2008-01-25	Common Stock	M	76443	$3.33	Acquired	971112	Direct
2008-01-25	Common Stock	F	46827	$10.19	Disposed	924285	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-25	Incentive Stock Option	$3.33	M	51252	Disposed	2008-01-27	Common Stock (51252)	Direct
2008-01-25	Non-Qualified Stock Option	$3.33	M	76443	Disposed	2008-01-27	Common Stock (76443)	Direct

Footnotes

F1: Stock option vests ratably over five years from the date of grant.

F2: Non-qualified stock options vest over five years based on a predetermined schedule developed in compliance with IRS regulations.