SEC Form 4 · accession 0000899243-18-005967
NOV Inc. · NOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clay C Williams
Officer — Chairman, President and CEO · Director
Period of report
Feb 28, 2018
Accepted (ET)
Mar 1, 2018 · 5:20 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 28, 2018 | A | 33,923 | $0.00 | A | 284,433 | D | |
| Common StockF2 | Feb 28, 2018 | F | 13,349 | $35.09 | D | 271,084 | D | |
| Common StockF3 | Feb 28, 2018 | A | 89,342 | $0.00 | A | 360,426 | D | |
| Common Stock | holding | — | — | — | 30,000 | I | by Children's Trusts | |
| Common StockF4 | holding | — | — | — | 41 | I | by NOV Saving 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)F5 | $35.09 | Feb 28, 2018 | A | 339,642 | A | — | Feb 29, 2028 | Common Stock | 339,642 | 339,642 | D |
Explanation of responses
- F1Represents the total number of shares that vested from the performance share awards granted to Mr. Williams on February 25, 2015.
- F2Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Williams on February 25, 2015 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 the Issuer's common stock held by Mr. Williams under the National Oilwell Varco, Inc. Supplemental Savings Plan. The information in this report is based on Mr. Williams' account balance as of February 28, 2018.
- F5The option, awarded pursuant to the Issuer's Long-Term Incentive Plan, representing a right to purchase a total of 339,642 shares, will become exercisable in three equal annual installments beginning on February 28, 2019, which will be the first anniversary of the date on which the option was granted.