NOV Inc. — Director's Dealing 2016

Jan 27, 2016

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: NATIONAL OILWELL VARCO INC (NOV)
CIK: 0001021860
Period of Report: 2015-12-31

Reporting Person: Rovig Joseph W (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-21	Common Stock	F	297	$54.47	Disposed	2488	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	856	Indirect

Footnotes

F1: Represents the number of shares withheld from the vesting of time-based restricted stock shares to satisfy tax withholding liability.

F2: In connection with the spin-off of NOW Inc. on May 30, 2014, all outstanding NOV stock options, restricted stock awards and performance based equity awards held by continuing NOV employees, officers and directors, were adjusted to preserve the intrinsic value of such awards. The adjusted number of shares subject to such awards are reflected in this filing.

F3: Represents the number of shares equivalent of NOV common stock held by Mr. Rovig under the National Oilwell Varco, Inc. 401(k) Plan. The information in this report is based on Mr. Rovig's account balance as of December 31, 2015.