Lock-Up Agreement between Helmerich & Payne Entities and Atwood Oceanics, Inc. (May 23, 2013)
Helmerich & Payne International Drilling Co. and Helmerich & Payne, Inc. have agreed not to sell, transfer, or otherwise dispose of any shares of Atwood Oceanics, Inc. common stock, or related securities, for 60 days from May 23, 2013. This restriction also prohibits hedging or similar transactions that could result in the sale of these shares. The agreement is designed to temporarily limit the trading of Atwood Oceanics stock by these parties.
EXHIBIT 10.2
For a period of 60 days beginning on the date of this instrument, the undersigned will not offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares of Common Stock of Atwood Oceanics, Inc (the Company), or any options or warrants to purchase any shares of Common Stock of the Company, or any securities convertible into, exchangeable for or that represent the right to receive shares of Common Stock of the Company, whether now owned or hereinafter acquired, owned directly by the undersigned or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities and Exchange Commission (collectively the Undersigneds Shares).
The foregoing restriction is expressly agreed to preclude the undersigned from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the Undersigneds Shares even if such Shares would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to any of the Undersigneds Shares or with respect to any security that includes, relates to, or derives any significant part of its value from such Shares.
Date : May 23, 2013
Helmerich & Payne International Drilling Co.
By: | /s/ Steven R. Mackey |
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Name: Steven R. Mackey | ||
Title: Executive Vice President | ||
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Helmerich & Payne, Inc. | ||
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By: | /s/ Steven R. Mackey |
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Name: Steven R. Mackey | ||
Title: Executive Vice President |