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NOV Inc. — Director's Dealing 2021
Feb 24, 2021
31030_dirs_2021-02-24_1e35a846-883d-4afe-9f86-6df4ca43ed25.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NOV Inc. (NOV)
CIK: 0001021860
Period of Report: 2021-02-22
Reporting Person: Duff Scott K. (VP Cntrlr Chf Acctg Offcr)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-22 | Common Stock | A | 16928 | $0.00 | Acquired | 89294 | Direct |
| 2021-02-22 | Common Stock | F | 4122 | $15.00 | Disposed | 85172 | Direct |
| 2021-02-22 | Common Stock | A | 27000 | $0.00 | Acquired | 112172 | Direct |
| 2021-02-23 | Common Stock | S | 10000 | $14.81 | Disposed | 102172 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-22 | Non-Qualified Stock Option (right to buy) | $15.00 | A | 71178 | Acquired | 2031-02-23 | Common Stock (71178) | Direct |
Footnotes
F1: Represents the total number of shares that vested from the performance share awards granted to Mr. Duff on February 28, 2018.
F2: Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Duff on February 28, 2018 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: The price reported in Column 4 is the average price. These shares were sold in multiple transactions at prices ranging from $14.81 to $14.82, inclusive. The reporting person undertakes to provide to NOV Inc., any security holder of NOV Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4.
F5: The option, awarded pursuant to the Issuer's 2018 Long-Term Incentive Plan, representing a right to purchase a total of 71,178 shares, will become exercisable in three equal annual installments beginning on February 22, 2022, which will be the first anniversary of the date on which the option was granted.