X0202 3 2005-05-01 0 0000085408 ROWAN COMPANIES INC RDC 0001326381 Hatfield Gregory Michael 2800 POST OAK BLVD SUITE 5450 HOUSTON TX 77056-6127 0 1 0 0 Controller Common Stock 4336 D Option (Right to Buy) 19.75 1999-04-24 2008-04-24 Common Stock 4000 D Option (Right to Buy) 18.25 2001-04-27 2010-04-27 Common Stock 5000 D Option (Right to Buy) 22.00 2002-04-26 2011-04-26 Common Stock 5000 D Option (Right to Buy) 13.13 2002-09-20 2011-09-20 Common Stock 1999 D Option (Right to Buy) 6.19 2004-04-25 2013-04-25 Common Stock 3769 D Reflects the Reporting Person's aggregated directly-owned and indirectly-owned shares (1,686), the latter being shares in the Rowan Common Stock Fund under the Company's 401(k) plan (a unitized plan) at April 30, 2005, such number of shares, which fluctuate, being calculated as equivalent values based upon the value of the total units divided by the corresponding closing price of the underlying Rowan Common Stock on that date. Options granted April 24, 1998, April 27, 2000, April 26, 2001, September 20, 2001 and April 25, 2003 under the Rowan Companies, Inc. 1988 Nonqualified Stock Option Plan, such options being exercisable 25% for each year from the date of grant. The amount in Column 3 reflects the unexercised portions of these grants. /s/ Gregory Michael Hatfield 2005-05-11