SEC Form 4 · accession 0000899243-17-005246

NOV Inc. · NOV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — See Remarks

Period of report

Feb 22, 2017

Accepted (ET)

Feb 24, 2017 · 5:02 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 Stock^F3	Feb 22, 2017	A	20,250	$0.00	A	39,653	D
Common Stock^F1	Feb 22, 2017	A	4,885	$0.00	A	44,538	D
Common Stock^F2	Feb 22, 2017	F	1,406	$38.86	D	43,132	D
Common Stock^F4	holding	—	—		—	869	I	by 401(K) Plan

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)^F5	$38.86	Feb 22, 2017	A	79,830	A	—	Feb 23, 2027	Common Stock	79,830	79,830	D

F1Represents the total number of shares that vested from the performance share awards granted to Mr. Rovig on February 25, 2014.
F2Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Rovig on February 25, 2014 to satisfy tax withholding liability.
F3An 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.
F4Represents 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 22, 2017.
F5The option, awarded pursuant to the Issuer's Long-Term Incentive Plan, representing a right to purchase a total of 79,830 shares, will become exercisable in three equal annual installments beginning on February 22, 2018, which will be the first anniversary of the date on which the option was granted.

President - Rig Systems & Aftermarket