NABORS INDUSTRIES LTD — Director's Dealing 2018

Apr 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2018-03-29

Reporting Person: Skattum Dag (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-29	Stock Options (Right to Buy)	$6.99	A	16057	Acquired	2028-03-29	Common Stock (16057)	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 $40,000 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $2.4911 per share. The options are fully vested as of the date of grant, and have an exercise price of $6.99 per share, which is the closing price of Nabors' common shares on the date of grant.