Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRAHAM LINDA H
  2. Issuer Name and Ticker or Trading Symbol
RPC INC [RES]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President and Secretary
(Last)
(First)
(Middle)
P.O. BOX 647
3. Date of Earliest Transaction (Month/Day/Year)
12/11/2006
(Street)

ATLANTA, GA 30301
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 12/11/2006   J(1) V 93,914 A (1) 281,749 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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
Incentive Stock Options $ 1.96 (2) 01/28/1997(1)   J(1) V 1,702   01/28/1998(3) 01/28/2007 Common Stock 1,702 $ 0 5,106 D  
Incentive Stock Options $ 3.33 (2) 01/27/1998(1)   J(1) V 3,405   01/27/1999(3) 01/27/2008 Common Stock 3,405 $ 0 10,215 D  
Incentive Stock Options $ 1.79 (2) 01/26/1999(1)   J(1) V 4,255   01/26/2000(3) 01/26/2009 Common Stock 4,255 $ 0 12,766 D  
Incentive Stock Options $ 3.88 (2) 04/24/2001(1)   J(1) V 5,625   04/24/2002(3) 04/24/2011 Common Stock 5,625 $ 0 16,875 D  
Incentive Stock Options $ 2.81 (2) 01/28/2003(1)   J(1) V 11,250   01/28/2004(3) 01/28/2013 Common Stock 11,250 $ 0 33,750 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRAHAM LINDA H
P.O. BOX 647
ATLANTA, GA 30301
  X     Vice President and Secretary  

Signatures

 /s/ Linda H. Graham   12/12/2006
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) This report is being filed voluntarily, solely to report the acquisition of stock pursuant to the three-for-two stock split payable December 11, 2006, and the adjustment of options in connection therewith.
(2) Exercise prices have been adjusted to reflect stock split.
(3) Stock options vest in 20% increments beginning on first anniversary of grant date.

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