-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ey9kaIhucFJcchwpCmuHEwNcr4PK2zSEFVuz6uZoLzZWKmIkdRwNLp8OKd2dCZaD 5QNw/GiZJiI4t7/8yrtIsg== 0001140361-05-010873.txt : 20051214 0001140361-05-010873.hdr.sgml : 20051214 20051214105600 ACCESSION NUMBER: 0001140361-05-010873 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051212 FILED AS OF DATE: 20051214 DATE AS OF CHANGE: 20051214 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PALMER CHARLES ROBERT CENTRAL INDEX KEY: 0001183349 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05491 FILM NUMBER: 051262839 MAIL ADDRESS: STREET 1: 2800 POST OAK BLVD STREET 2: STE 5450 CITY: HOUSTON STATE: TX ZIP: 77056-6127 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ROWAN COMPANIES INC CENTRAL INDEX KEY: 0000085408 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 750759420 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2800 POST OAK BLVD. STREET 2: SUITE 5450 CITY: HOUSTON STATE: TX ZIP: 77056-6127 BUSINESS PHONE: 7136217800 MAIL ADDRESS: STREET 1: 2800 POST OAK BOULEVARD STREET 2: SUITE 5450 CITY: HOUSTON STATE: TX ZIP: 77056-6127 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN DRILLING CO INC DATE OF NAME CHANGE: 19711110 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN DRILLING CO DATE OF NAME CHANGE: 19671112 4 1 doc1.xml FORM 4 X0202 4 2005-12-12 0 0000085408 ROWAN COMPANIES INC RDC 0001183349 PALMER CHARLES ROBERT 2800 POST OAK BLVD SUITE 5450 HOUSTON TX 77056-6127 1 0 0 0 COMMON STOCK 2005-12-12 4 M 0 75000 15.25 A 1004894 D COMMON STOCK 2005-12-12 4 S 0 75000 38.54 D 1079844 D Option (Right to Buy) 15.25 2005-12-12 4 M 0 75000 0 D 1997-04-25 2006-04-25 Common Stock 75000 0 D Includes 10,194 shares held by Mr. Palmer in the Company's 401(k) plan as of November 30, 2005. This option vested in four equal installments on April 25, 1997, 1998, 1999 and 2000. **See Power of Attorney Attached** /s/Mark H. Hay** 2005-12-14 EX-24.1 2 poa1.htm POWER OF ATTORNEY Unassociated Document

POWER OF ATTORNEY
 
 
For Executing Forms 3, 4 and 5
           
           
            Know all by these presents, that the undersigned hereby constitutes and appoints each of William H. Wells and Mark H. Hay signing singly, his/her true and lawful attorney-in-fact to:
           
           (1) execute for and on behalf of the undersigned Forms 3, 4 and 5 and in accordance with Section 16 (a) of the Securities Exchange Act of 1934 and the rules thereunder;
           
           (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Form 3, 4 or 5 and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and
           
           (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his/her discretion.
           
            The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as full to all intents and purposes as such attorney-in-fact might or could do if personally present, with fully power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or so cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.
           
            IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 21st day June, 2005.
 

     
Date: 6/21/2005   /s/ C. R. PALMER
 
Signature
     
 
 		  
 		  
 
C. R. PALMER
 
Print Name
 
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