RPC INC - Director's Dealing 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RPC INC (RES)
CIK: 0000742278
Period of Report: 2009-01-23

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-23	Common Stock	M	34735	$1.79	Acquired	953289	Direct
2009-01-23	Common Stock	M	138934	$1.79	Acquired	1092223	Direct
2009-01-23	Common Stock	F	92036	$8.28	Disposed	1000187	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-23	Incentive Stock Options	$1.79	M	34735	Disposed	2009-01-26	Common Stock (34735)	Direct
2009-01-23	Non-Qualified Stock Options	$1.79	M	138934	Disposed	2009-01-26	Common Stock (138934)	Direct

F1: Stock options vest ratably over five years from the date of grant.

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