Exhibit 10.1.4
AMENDMENT NO. 1 TO THE
ATWOOD OCEANICS, INC.
STOCK OPTION AGREEMENT
(1990 Stock Option Plan)
THIS AMENDMENT NO. 1 TO ATWOOD OCEANICS, INC. STOCK OPTION AGREEMENT (the
"Amendment") is dated as of ______________________, 1999, by and between ATWOOD OCEANICS,
INC., a Texas corporation (the "Company"), and ________________________________________
("Participant").
W I T N E S E T H:
WHEREAS, the Company has adopted the 1990 Stock Option Plan (the "Plan") for the granting of options to
purchase shares of the Common Stock of the Company to key employees of the Company or its subsidiaries,
subject to the terms and conditions as more particularly set forth therein; and WHEREAS, capitalized terms used
but not defined herein shall have the meanings given to them in the Plan; and WHEREAS, pursuant to Section 1.8
of the Plan, the Board of Directors of the Company has amended the Plan to allow the Compensation Committee
of the Board of Directors the (the "Committee") to authorized the transferability, under certain conditions, of the
Stock Options granted under the Plan, pursuant to that certain Amendment No. 1 to the Atwood Oceanics, Inc.
1990 Stock Option Plan dated _________________________, 1999 (the "Plan Amendment"); and Page 2
WHEREAS, in furtherance of the Plan Amendment, the Committee has authorized the transferability of the Stock
Options granted under the Plan to the Participant, under the conditions set forth in the Plan Amendment; and
WHEREAS, in accordance with such authorization, the Company and the Participant desire to amend that
certain Atwood Oceanics, Inc. Stock Option Agreement dated _____________________ between the
Company and Participant (the "Agreement"), and the Committee has approved this Amendment, in order to
reflect the authorized transferability of the Stock Options granted under the Plan to the Participant and the
conditions therefor, as more particularly set forth herein. NOW THEREFORE, in consideration of the premises
and the mutual covenants here