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: Bayardo Jose A (Senior VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-27	Common Stock	A	48498	$0.00	Acquired	167196	Direct
2019-02-27	Common Stock	F	19084	$28.72	Disposed	148112	Direct
2019-02-27	Common Stock	A	31337	$0.00	Acquired	179449	Direct
2019-02-28	Common Stock	F	3701	$28.14	Disposed	175748	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	98901	Acquired	2029-02-28	Common Stock (98901)	Direct

Footnotes

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

F2: Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Bayardo 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: The option, awarded pursuant to the Issuer's 2018 Long-Term Incentive Plan, representing a right to purchase a total of 98,901 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.