SEC Form 5 · accession 0000899243-16-012271
NOV Inc. · NOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph W Rovig
Officer — See Remarks
Period of report
Dec 31, 2015
Accepted (ET)
Jan 27, 2016 · 5:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001021860
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 21, 2015 | F | 297 | $54.47 | D | 2,488 | D | |
| Common StockF3 | holding | — | — | — | 856 | I | by 401(K) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares withheld from the vesting of time-based restricted stock shares to satisfy tax withholding liability.
- F2In connection with the spin-off of NOW Inc. on May 30, 2014, all outstanding NOV stock options, restricted stock awards and performance based equity awards held by continuing NOV employees, officers and directors, were adjusted to preserve the intrinsic value of such awards. The adjusted number of shares subject to such awards are reflected in this filing.
- F3Represents 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 December 31, 2015.
Remarks
President-Rig Systems & Aftermarket