NOV Inc. — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL OILWELL VARCO INC (NOV)
CIK: 0001021860
Period of Report: 2017-03-02

Reporting Person: Rovig Joseph W (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-02	Common Stock	M	49825	$28.24	Acquired	91.384	Direct
2017-03-02	Common Stock	S	49825	$41.4772	Disposed	41559	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-02	Non-Qualified Stock Option (right to buy)	$28.24	M	49825	Disposed	2026-02-25	Common Stock (49825)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	867	Indirect

Footnotes

F1: 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 March 2, 2017.

F2: The option, representing a right to purchase a total of 149,477 shares, became exercisable in three equal annual installments beginning on February 24, 2017, which was the first anniversary
of the date on which the option was granted.