First Amendment to Pride International, Inc. Employee Stock Purchase Plan

/s/ W. Gregory Looser

W. Gregory Looser

Summary

Pride International, Inc. amended its Employee Stock Purchase Plan, effective upon shareholder approval on May 12, 2005, to increase the number of shares available for purchase under the plan from 500,000 to 1,100,000. The amendment was approved by the company's Board of Directors and signed by the President and CEO. This change allows more employees to participate in the plan or for existing participants to purchase more shares.

EX-10.4 5 h27484exv10w4.htm AMENDMENT TO EMPLOYEE STOCK PURCHASE PLAN exv10w4

Exhibit 10.4

PRIDE INTERNATIONAL, INC.

EMPLOYEE STOCK PURCHASE PLAN

(As Amended and Restated Effective April 1, 2000)

First Amendment

Pride International, Inc. (the “Company”), having previously established the Pride International, Inc. Employee Stock Purchase Plan, as amended and restated effective April 1, 2000 (the “Plan”), and having reserved the right under Section 19 thereof to amend the Plan, does hereby amend Section 3 of the Plan, as approved by the Company’s Board of Directors on February 17, 2005, and subject to and effective as of the date of shareholder approval at the 2005 annual meeting, to increase the number of shares which may be issued thereunder by deleting both occurrences of the phrase “five hundred thousand (500,000)” and placing in lieu thereof the phrase “one million one hundred thousand (1,100,000)”.


	PRIDE INTERNATIONAL, INC.
	By:	/s/ Louis A. Raspino
		Louis A. Raspino
		President and Chief Executive Officer


Attested to by the Secretary of Pride International, Inc. as adopted by the Board of Directors on February 17, 2005 and as approved by the shareholders of Pride International, Inc. at the annual meeting on May 12, 2005.

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