X0202 3 2006-04-01 0 0001097313 GRANT PRIDECO INC GRP 0001357669 Steen Lias J 400 N. SAM HOUSTON PARKWAY E. #900 HOUSTON TX 77060 0 1 0 0 VP - Human Resources Restricted stock 13000 D Stock options 8.35 2005-11-13 2015-11-13 Common stock 40000 D Stock options 13.6 2005-02-11 2014-02-11 Common stock 5833.33 D Stock options 13.6 2006-02-11 2014-02-11 Common stock 5833.33 D Stock options 13.6 2007-02-11 2014-02-11 Common stock 5833.34 D Stock options 21.91 2006-04-15 2015-04-15 Common stock 3333.33 D Stock options 21.91 2007-04-15 2015-04-15 Common stock 3333.33 D Stock options 21.91 2008-04-15 2015-04-15 Common stock 3333.34 D Phantom stock units Common stock 8528.3618 D Restricted shares are subject to vesting if and when company meets certained defined performance goals over a two to three year period. Represents units credited to the participant's account pursuant to the terms of the Company's Executive Deferred Compensation Plan. All phantom stock units credited under the Plan with respect to deferral 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 on the fair market value of the common stock at month-end. Philip A. Choyce, Attorney-in-Fact 2006-04-03