NABORS INDUSTRIES LTD — Director's Dealing 2012

Jan 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2012-01-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-20	Common Stock	M	200000	$13.525	Acquired	3853455	Direct
2012-01-20	Common Stock	F	159024	$17.01	Disposed	3694431	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-20	Stock Options (Right to Buy)	$13.525	M	200000	Disposed	2012-01-22	Common Stock (200000)	Direct

Footnotes

F1: Reflects the exercise of a stock option expiring January 22, 2012 and surrender of the number of shares required to satisfy the exercise price. The remaining shares were retained by the executive.

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