FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ROONEY L F III 		2. Issuer Name and Ticker or Trading Symbol

HELMERICH & PAYNE INC [ HP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1437 S. BOULDER AVE., SUITE 1400 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/21/2012
(Street)

TULSA, OK 74119
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/21/2012     M    2800   A $12.08   10158   D    
Common Stock   12/21/2012     M    1316   A $13.055   11474   D    
Common Stock   12/21/2012     M    4208   A $16.01   15682   D    
Common Stock   12/21/2012     M    4122   A $21.065   19804   D    
Common Stock   12/21/2012     M    2349   A $38.015   22153   D    
Common Stock   12/21/2012     M    1902   A $47.935   24055   D    
Common Stock                  58000   I   Shares held by Manhanttan Finance LP  
Common Stock                  8000   I   Shares held by Rooney Family Investments, Ltd  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   $12.08   12/21/2012     M         2800    12/3/2003   12/3/2013   Common Stock   2800   $0.00   0   D    
Stock Option (right to buy)   $13.055   12/21/2012     M         1316    9/1/2004   9/1/2014   Common Stock   1316   $0.00   0   D    
Stock Option (right to buy)   $16.01   12/21/2012     M         4208    12/1/2004   12/1/2014   Common Stock   4208   $0.00   0   D    
Stock Option (right to buy)   $21.065   12/21/2012     M         4122    12/2/2008   12/2/2018   Common Stock   4122   $0.00   0   D    
Stock Option (right to buy)   $38.015   12/21/2012     M         2349    12/1/2009   12/1/2019   Common Stock   2349   $0.00   0   D    
Stock Option (right to buy)   $47.935   12/21/2012     M         1902    12/7/2010   12/7/2020   Common Stock   1902   $0.00   0   D    

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ROONEY L F III
1437 S. BOULDER AVE., SUITE 1400
TULSA, OK 74119 		X



Signatures
Jonathan M. Cinocca, by Power of Attorney for Francis Rooney 12/21/2012
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.