NABORS INDUSTRIES LTD — Director's Dealing 2009

Oct 1, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2009-09-30

Reporting Person: PETRELLO ANTHONY G (Director, PRESIDENT AND COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-30	Stock Options (Right to Buy)	$20.90	A	1726	Acquired	2019-09-30	Common Stock (1726)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2477752	Direct

Footnotes

F1: Mr. Petrello voluntarily agreed to receive stock options in lieu of the quarterly cash payment he would normally receive as a Nabors' director. The options vest immediately.

F2: Owned directly or indirectly by revocable trust of which the Reporting Person is a trustee and as to which the Reporting Person has voting and dispositive power.