X0304 4 2012-02-28 0001330849 HERCULES OFFSHORE, INC. HERO 0001483622 Butz Stephen M 9 GREENWAY PLAZA, SUITE 2200 HOUSTON TX 77046 1 Sr. VP and CFO Common Stock, Par Value $0.01 Per Share 2012-02-28 4 A 0 88206 0 A 149036 D Common Stock, Par Value $0.01 Per Share 2012-02-28 4 A 0 49724 0 A 198760 D These shares of performance-based restricted stock were awarded on March 6, 2011. The amount of the award was based upon the achievement of certain performance objectives for fiscal year 2011, which was determined on February 28, 2012. As such, the shares were granted on February 28, 2012. The shares will vest in three equal installments on each of March 6, 2012, March 6, 2013 and March 6, 2014. These shares of restricted stock will vest in three equal installments on each of the first three anniversaries of the date of grant, beginning February 28, 2013. /s/ James W. Noe, attorney-in-fact 2012-03-01