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 * ROLLINS R RANDALL   2. Issuer Name and Ticker or Trading Symbol RPC INC [RES] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board (Last) (First) (Middle) 2170 PIEDMONT ROAD 3. Date of Earliest Transaction (Month/Day/Year) 12/11/2006 (Street) ATLANTA, GA 30324 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   P   60,800 A $ 23.1016 60,800 I (2) Held indirectly through RFT Investment Company, LLC Common Stock 12/11/2006   J(1) V 30,400 A (1) 91,200 I (2) Held indirectly through RFT Investment Company, LLC Common Stock 12/12/2006   P   87,600 A $ 15.5657 178,800 I (2) Held indirectly through RFT Investment Company, LLC Common Stock 12/11/2006   J(1) V 493,859 A (1) 1,481,578 D   Common Stock 12/11/2006   J(1) V 91,080 A (1) 273,240 I (2) Co-Trustee of Trust Common Stock 12/11/2006   J(1) V 19,179,328 A (1) 57,537,985 I (2) Held indirectly through RFPS Management Co. II, L.P. Common Stock 12/11/2006   J(1) V 33,293 A (1) 99,880 I (2) By Spouse Common Stock 12/11/2006   J(1) V 2,430 A (1) 7,290 I (2) Cust./Guardian Trustee of Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

$ 3.09 (3)

01/28/2003(1)

J(1)

V

59,271

01/28/2003(4)

01/28/2008

Common Stock

59,271

$ 0

177,812

D

Non-Qualified Stock Options

$ 2.81 (3)

01/28/2003(1)

J(1)

V

53,229

01/28/2003(4)

01/28/2008

Common Stock

53,229

$ 0

159,688

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ROLLINS R RANDALL 2170 PIEDMONT ROAD ATLANTA, GA 30324	X	X	Chairman of the Board

Signatures

/s/ Glenn P. Grove, Jr., as Attorney-in-Fact for R. Randall Rollins		12/13/2006
**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)	Reflects 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)	The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares of common stock.
(3)	Exercise prices have been adjusted to reflect stock split.
(4)	Stock options vest in 20% increments beginning on grant date.

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