X0303 4 2008-10-17 0 0001330849 HERCULES OFFSHORE, INC. HERO 0001008023 WEBSTER STEVEN A 9 GREENWAY PLAZA, SUITE 2200 HOUSTON TX 77046 1 0 0 0 Common Stock, par value $0.01 per share 2008-10-17 4 P 0 5000 7.0960 A 5000 I By Elizabeth Anne Webster Trust Common Stock, par value $0.01 per share 2008-10-17 4 P 0 20000 7.2200 A 20000 I By San Felipe Resources Company Common Stock, par value $0.01 per share 794569 D Common Stock, par value $0.01 per share 588767 I By Kestrel Capital, LP Common Stock, par value $0.01 per share 4267 I By Steven A. Webster, Trustee This transaction was executed in multiple trades at prices ranging from $7.087 to $7.097. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. These securities were acquired by Barrett L. Webster Trustee FBO Elizabeth Anne Webster Trust. Mr. Webster's daughter, who may be deemed to be a member of his household, is the beneficiary of such trust. The trust is administered by Mr. Webster's adult son. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes. This transaction was executed in multiple trades at prices ranging from $7.00 to $7.28. The price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. These securities were acquired by San Felipe Resources Company, a partnership in which Mr. Webster and his wife, Linda, are the general partners. Trustee of the Steven A. Webster Defined Benefit Pension Plan. By: /s/ James W. Noe, attorney-in-fact 2008-10-21