NABORS INDUSTRIES LTD — Director's Dealing 2011

Aug 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2011-08-22

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-22	Stock Options (Right to Buy)	$16.36	A	750000	Acquired	2021-08-22	Common Stock (750000)	Direct

Footnotes

F1: Mr. Petrello has agreed to accept a portion of the annual bonus earned pursuant to his employment agreement through June 30, 2011 in the form of stock options. The options are scheduled to vest in the first quarter of 2012, which is when the bonus is typically paid.