X0202 4 2007-05-08 0 0000085408 ROWAN COMPANIES INC RDC 0001183342 CROYLE ROBERT G 2800 POST OAK BLVD SUITE 5450 HOUSTON TX 77056 1 0 0 0 Restricted Stock Units 2007-05-08 4 A 0 3000 0.00 A Common Stock 3000 3000 D Each restricted stock unit represents a contingent right to receive one share of Rowan Companies, Inc. common stock. The restricted stock units vest on the date of the next annual meeting of stockholders. Vested shares (and any accrued dividends) will be delivered to the reporting person after the final termination date of the reporting person's service on the Board of Directors. At the election of the Compensation Committee, such payout may be made in cash or shares. /s/ Melanie M. Trent, attorney-in-fact 2007-05-09