X0303 4 2010-05-17 0 0000085408 ROWAN COMPANIES INC RDC 0001314253 Russell David Patrick 2800 POST OAK BLVD SUITE 5450 HOUSTON TX 77056 0 1 0 0 Executive V.P. - Drilling Common Stock 2010-05-17 4 A 0 4352 0.00 A 121948 D Common Stock 2010-05-17 4 F 0 1151 25.58 D 120797 D On May, 17, 2010, the Company's Compensation Committee awarded these shares to the reporting person in settlement of perfomance shares granted in May 2007. Includes 88,164 shares of restricted stock held by the reporting person and 10,369 shares held in his savings plan acount. These shares were sold to the company in payment of a tax liability due to the settlement of the May 2007 performance share award. The sales price is the average stock price on May 14, 2010. /s/ Melanie M. Trent, attorney-in-fact 2010-05-18