SEC Form 4 · accession 0000899243-16-014410
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
Feb 24, 2016
Accepted (ET)
Feb 25, 2016 · 8:11 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 | Feb 24, 2016 | A | 17,242 | $0.00 | A | 19,403 | D | |
| Common StockF2 | holding | — | — | — | 865 | I | by 401(K) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $28.24 | Feb 24, 2016 | A | 149,477 | A | — | Feb 25, 2026 | Common Stock | 149,477 | 149,477 | D |
Explanation of responses
- F1An 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.
- F2Represents 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 24, 2016.
- F3The option, awarded pursuant to the Issuer's Long-Term Incentive Plan, representing a right to purchase a total of 149,477 shares, will become exercisable in three equal annual installments beginning on February 24, 2017, which will be the first anniversary of the date on which the option was granted.
Remarks
President - Rig Systems & Rig Aftermarket