NABORS INDUSTRIES LTD — Director's Dealing 2013

Mar 11, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2013-03-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-07	Common Stock	A	1633394	—	Acquired	1633394	Direct
2013-03-07	Common Stock	A	907441	—	Acquired	2540835	Direct
2013-03-07	Common Stock	A	353933	—	Acquired	2894768	Direct
2013-03-07	Common Stock	F	45977	$16.53	Disposed	2848791	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3444431	Indirect

Footnotes

F1: Mr. Petrello agreed to accept shares of common stock in lieu of a portion of a cash award received in connection with the termination of his old employment agreement dated April 1, 2009. The grant vests immediately.

F2: The restricted stock award is scheduled to vest in three equal annual installments beginning on the first anniversary of the date of the award.

F3: These performance shares will settle at the end of a three-year performance period (January 1, 2013 to December 31, 2015) based on the Company's relative total shareholder return against a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number.

F4: Owned indirectly by revocable trust of which the executive is a trustee and has voting and dispositive power.