NABORS INDUSTRIES LTD — Director's Dealing 2012

Jan 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2012-01-03

Reporting Person: SHEINFELD MYRON M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-03	Common Stock	M	47700	$13.525	Acquired	157523	Direct
2012-01-03	Common Stock	F	33919	$19.02	Disposed	123604	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-03	Stock Options (Right to Buy)	$13.525	M	47700	Disposed	2012-01-22	Common Stock (47700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	584	Indirect

Footnotes

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