RPC INC — Director's Dealing 2008

Jan 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RPC INC (RES)
CIK: 0000742278
Period of Report: 2008-01-25

Reporting Person: ROLLINS R RANDALL (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-25	Common Stock	M	1777812	$3.09	Acquired	1230710	Direct
2008-01-25	Common Stock	F	53919	$10.19	Disposed	1176791	Direct
2008-01-25	Common Stock	M	159688	$2.81	Acquired	1336479	Direct
2008-01-25	Common Stock	F	93130	$10.19	Disposed	1243349	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-25	Incentive Stock Option	$3.09	M	177812	Disposed	2008-01-27	Common Stock (177812)	Direct
2008-01-25	Non-Qualified Stock Option	$2.81	M	159688	Disposed	2008-01-27	Common Stock (159688)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	103240	Indirect
Common Stock	687148	Indirect
Common Stock	9276	Indirect
Common Stock	5018900	Indirect
Common Stock	57537985	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares of common stock.

F2: Stock options vest ratably over five years with the first increment vested at the date of grant.

F3: Non-qualified options vest over five years with the first increment vested on the date of grant based on a predetermined schedule developed in compliance with IRS regulations.