X0303 4 2011-05-31 0001330849 HERCULES OFFSHORE, INC. HERO 0001427481 Pellegrin Todd 9 GREENWAY PLAZA, SUITE 2200 HOUSTON TX 77046 1 VP, Worldwide Liftboat Ops. Common Stock, Par Value $0.01 Per Share 2011-05-31 4 M 0 33334 1.65 A 71195 D Common Stock, Par Value $0.01 Per Share 2011-05-31 4 S 0 16649 6.27 D 54546 D Common Stock, Par Value $0.01 Per Share 2011-05-31 4 S 0 1200 6.2711 D 53346 D Common Stock, Par Value $0.01 Per Share 2011-05-31 4 M 0 20001 3.89 A 73347 D Common Stock, Par Value $0.01 Per Share 2011-05-31 4 F 0 15285 6.2679 D 58062 D Stock Option (Right to Buy) 1.65 2011-05-31 4 M 0 33334 0 D 2019-02-25 Common Stock, Par Value $0.01 Per Share 33334 16666 D Stock Option (Right to Buy) 3.89 2011-05-31 4 M 0 20001 0 D 2020-02-24 Common Stock, Par Value $0.01 Per Share 20001 39999 D The stock option will become exercisable in three equal amounts on each of the first three anniversaries of the date of grant. The stock option will become exercisable in three equal amounts on each of the first three anniversaries of the date of grant. /s/ James W. Noe, attorney-in-fact 2011-06-02