X0202 4 2005-11-18 0 0000085408 ROWAN COMPANIES INC RDC 0001183353 BUVENS JOHN L 2800 POST OAK BLVD. SUITE 5450 HOUSTON TX 77056-6127 0 1 0 0 Senior Vice President COMMON STOCK 2005-11-18 4 M 0 3750 19.63 A 17900 D COMMON STOCK 2005-11-18 4 M 0 10000 19.75 A 27900 D COMMON STOCK 2005-11-18 4 S 0 2050 34.60 D 25850 D COMMON STOCK 2005-11-18 4 S 0 1000 34.59 D 24850 D COMMON STOCK 2005-11-18 4 S 0 3000 34.58 D 21850 D COMMON STOCK 2005-11-18 4 S 0 1000 34.56 D 20850 D COMMON STOCK 2005-11-18 4 S 0 500 34.55 D 20350 D COMMON STOCK 2005-11-18 4 S 0 1000 34.61 D 19350 D COMMON STOCK 2005-11-18 4 S 0 500 34.62 D 18850 D COMMON STOCK 2005-11-18 4 S 0 4700 34.63 D 14150 D OPTION (RIGHT TO BUY) 19.63 2005-11-18 4 M 0 3750 0 D 1998-04-25 2008-04-25 COMMON STOCK 3750 0 D OPTION (RIGHT TO BUY 19.75 2005-11-18 4 M 0 10000 0 D 1999-04-24 2009-04-24 COMMON STOCK 10000 0 D This option vested in four installments on April 25, 1998, 1999, 2000 and 2001. This option vested in four installments on April 24, 1999, 2000, 2001 and 2002. /s/John L. Buvens 2005-11-21