SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Mannon David C

(Last)

(First)

(Middle)

5 GREENWAY PLAZA, SUITE 100

(Street)

HOUSTON

77046

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PARKER DRILLING CO /DE/ [ PKD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Former CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
401K Common Stock								18,330.33⁽¹⁾	I	401(k) Plan
Common Stock	04/30/2012		M		28,188⁽²⁾	A	$5.225	606,409	D
Common Stock	04/30/2012		M		92,866⁽³⁾	A	$5.17	699,275	D
Common Stock	04/30/2012		M		55,511⁽⁴⁾	A	$5.17	754,786	D
Common Stock	04/30/2012		F		7,456	D	$5.225	747,330	D
Common Stock	04/30/2012		F		24,563	D	$5.17	722,767	D
Common Stock	04/30/2012		F		14,683	D	$5.17	708,084	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	04/30/2012		M			28,188	04/30/2012	04/30/2012	Common Stock	28,188	$5.225	280,546	D
Restricted Stock Units	$0	04/30/2012		M			92,866	04/30/2012	04/30/2012	Common Stock	92,866	$5.17	187,680	D
Restricted Stock Units	$0	04/30/2012		M			55,511	04/30/2012	04/30/2012	Common Stock	55,511	$5.17	132,169	D
Restricted Stock Units	$0	04/30/2012		J			132,169⁽⁵⁾	04/30/2012	04/30/2012	Common Stock	132,169	$5.17	0	D

Explanation of Responses:

1. Shares of PDK common stock in 401(k) as of April 30, 2012

2. Partial Vesting of March 1, 2010 Grant pursuant to Separation Agreement and Release between Parker Drilling Company and David C. Mannon dated March 5, 2012.

3. Partial Vesting of July 23, 2010 Grant pursuant to Separation Agreement and Release between Parker Drilling Company and David C. Mannon dated March 5, 2012.

4. Partial Vesting of March 11, 2011 Grant pursuant to Separation Agreement and Release between Parker Drilling Company and David C. Mannon dated March 5, 2012.

5. Forfeiture as a result of resignation.

	David C. Mannon	05/02/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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