NOV Inc. — Director's Dealing 2018

Mar 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL OILWELL VARCO INC (NOV)
CIK: 0001021860
Period of Report: 2018-02-28

Reporting Person: Rovig Joseph W (President - Rig Technologies)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-28	Common Stock	A	8170	$0.00	Acquired	46397	Direct
2018-02-28	Common Stock	F	3215	$35.09	Disposed	43182	Direct
2018-02-28	Common Stock	A	18809	$0.00	Acquired	61991	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-28	Non-Qualified Stock Option(right to buy)	$35.09	A	71504	Acquired	2028-02-29	Common Stock (71504)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	879	Indirect

Footnotes

F1: Represents the total number of shares that vested from the performance share awards granted to Mr. Rovig's on February 25, 2015.

F2: Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Rovig's on February 25, 2015 to satisfy tax withholding liability.

F3: An equity award of time-based restricted stock pursuant to the Issuer's Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of the grant.

F4: 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 February 28, 2018.

F5: The option, awarded pursuant to the Issuer's Long-Term Incentive Plan, representing a right to purchase a total of 71,504 shares, will become exercisable in three equal annual installments beginning on February 28, 2019, which will be the first anniversary of the date on which the option was granted.