SEC Form 4 · accession 0000899243-17-006435
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
Mar 2, 2017
Accepted (ET)
Mar 3, 2017 · 5:09 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 | Mar 2, 2017 | M | 49,825 | $28.24 | A | 91 | D | |
| Common Stock | Mar 2, 2017 | S | 49,825 | $41.4772 | D | 41,559 | D | |
| Common StockF1 | holding | — | — | — | 867 | 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)F2 | $28.24 | Mar 2, 2017 | M | 49,825 | D | — | Feb 25, 2026 | Common Stock | 49,825 | 99,652 | D |
Explanation of responses
- F1Represents 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 March 2, 2017.
- F2The option, representing a right to purchase a total of 149,477 shares, became exercisable in three equal annual installments beginning on February 24, 2017, which was the first anniversary of the date on which the option was granted.
Remarks
President - Rig Systems & Aftermarket