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NABORS INDUSTRIES LTD — Director's Dealing 2017
Jan 5, 2017
32659_dirs_2017-01-05_9c02b4ff-0df2-48c3-8018-179c8f9d6aa4.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: 2016-12-29
Reporting Person: PETRELLO ANTHONY G (Director, CHAIRMAN, PRESIDENT & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-03 | Common Stock | A | 318761 | — | Acquired | 3378743 | Direct |
| 2016-12-29 | Common Stock | G | 100000 | — | Disposed | 5484481 | Indirect |
Footnotes
F1: These performance shares will settle at the end of a three-year performance period (January 1, 2017 to December 31, 2019) 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.
F2: These shares were donated to a charitable foundation for which Mr. Petrello has shared voting and dispositive power. Mr. Petrello disclaims beneficial ownership of the shares held by the charitable foundation.