NABORS INDUSTRIES LTD — Director's Dealing 2014

Mar 5, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2014-03-04

Reporting Person: Restrepo William J (Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	294413	Direct

Footnotes

F1: With respect to 214,067 shares, the restricted stock award is scheduled to vest in four equal annual installments beginning on December 31, 2014.

F2: With respect to 80,346 shares, the performance shares will settle at the end of a three-year performance period (January 1, 2014 to December 31, 2016) 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.