NOV Inc. — Director's Dealing 2019

Mar 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL OILWELL VARCO INC (NOV)
CIK: 0001021860
Period of Report: 2019-02-27

Reporting Person: WILLIAMS CLAY C (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-27	Common Stock	A	149406	$0.00	Acquired	475859	Direct
2019-02-27	Common Stock	F	58792	$28.72	Disposed	417067	Direct
2019-02-27	Common Stock	A	99234	$0.00	Acquired	516301	Direct
2019-02-28	Common Stock	F	11719	$28.14	Disposed	504582	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-27	Non-Qualified Stock Option (right to buy)	$28.72	A	313187	Acquired	2029-02-28	Common Stock (313187)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30000	Indirect
Common Stock	42	Indirect

Footnotes

F1: Represents the total number of shares that vested from the performance share awards granted to Mr. Williams on February 24, 2016.

F2: Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Williams on February 24, 2016 to satisfy tax withholding liability.

F3: An equity award of time-based restricted stock pursuant to the Issuer's 2018 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 withheld from the vesting of time-based restricted stock (granted on February 28, 2018) to satisfy tax withholding liability.

F5: Represents the number of shares equivalent of the Issuer's common stock held by Mr. Williams under the National Oilwell Varco, Inc. Supplemental Savings Plan. The information in this report is based on Mr. Williams' account balance as of February 27, 2019.

F6: The option, awarded pursuant to the Issuer's 2018 Long-Term Incentive Plan, representing a right to purchase a total of 313,187 shares, will become exercisable in three equal annual installments beginning on February 27, 2020, which will be the first anniversary of the date on which the option was granted.