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NABORS INDUSTRIES LTD — Director's Dealing 2015
Feb 24, 2015
32659_dirs_2015-02-24_361e55d5-ee07-4bf9-b893-69564f9acc66.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2015-02-20
Reporting Person: PETRELLO ANTHONY G (Director, CHAIRMAN, PRESIDENT & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-20 | Common Stock | A | 384721 | — | Acquired | 2457901 | Direct |
| 2015-02-20 | Common Stock | F | 153888 | $13.52 | Disposed | 2304013 | Direct |
| 2015-02-21 | Common Stock | F | 37538 | $13.52 | Disposed | 2266475 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5044681 | Indirect |
Footnotes
F1: These performance shares were earned pursuant to Mr. Petrello's employment agreement based upon the achievement of certain objectives for the year 2014. Forty percent of the shares were surrendered to satisfy the tax withholding on the restricted stock. The remaining sixty percent will vest in three (3) equal annual installments beginning on the first anniversary of the date of the award.
F2: Reflects the number of shares surrendered to satisfy the tax withholding on the vesting of 120,771 shares of restricted stock on February 21, 2015. The remaining shares were retained by the executive.