X0201 4 2004-02-29 0 0001097313 GRANT PRIDECO INC GRP 0001230156 FRIED ELIOT M 1330 POST OAK BLVD SUITE 2700 HOUSTON TX 77056 1 0 0 0 Phantom stock units 2004-02-29 4 A 0 55.7637 14.1221 A Common stock 55.7637 2710.5972 D (1) Represents units credited to the participant's account pursuant to the terms of the Company's Non-Employee Director Deferred Compensation Plan. All phantom stock units credited under the Plan with respect to deferrals of compensation by participants are 100% vested at all times. All units credited under the Plan with respect to the Company's 7.5% allocation and matching allocation vest at 20% per year for each year of service with the Company. Distributions under the Plan are made upon termination of employment, retirement or death of the participant. Units are allocated at month-end based upon the fair market value of the common stock at month end. Philip A. Choyce, Attorney in Fact 2004-03-01