X0305 4 2012-04-30 1 0000085408 ROWAN COMPANIES INC RDC 0001333750 Woodall Terry D 2800 POST OAK BLVD SUITE 5450 HOUSTON TX 77056 0 1 0 0 VP - Human Resources Common Stock 2012-04-30 4 F 0 6257 34.64 D 36590 D These shares were sold to the Company in payment of a tax liability due to the acceleration of vesting of restricted stock in connection with Mr. Woodall's retirement on April 30, 2012. Sales price is the average stock price on April 30, 2012. Includes 3,348 shares held in a savings plan account as of March 31, 2012. On April 30, 2012, pursuant to an agreement with the Company, the restrictions on all unvested shares granted to the reporting person lapsed. /s/ Melanie M. Trent, Attorney-in-Fact 2012-05-01