NABORS INDUSTRIES LTD — Director's Dealing 2019

Jul 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NABORS INDUSTRIES LTD (NBR)
CIK: 0001163739
Period of Report: 2019-06-28

Reporting Person: Kotts John P (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-28	Stock Options (Right to Buy)	$2.90	A	37323	Acquired	2029-06-28	Common Stock (37323)	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 $45,000 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $1.2057 per share. The options are fully vested as of the date of grant, and have an exercise price of $2.90 per share, which is the market price of Nabors' common shares on the date of grant.