NABORS INDUSTRIES LTD — Director's Dealing 2017

Oct 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2017-09-29

Reporting Person: Kotts John P (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-29	Stock Options (Right to Buy)	$8.07	A	20079	Acquired	2027-09-29	Common Stock (20079)	Direct

Footnotes

F1: The Reporting Person elected to receive stock options in lieu of the quarterly cash payment he would normally receive as a Nabors director. The number of options was determined by dividing the foregone cash payment of $55,000 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $2.7392 per share. The options are fully vested as of the date of grant, and have an exercise price of $8.07 per share, which is the closing price of Nabors' common shares on the date of grant.