SEC Form 4 · accession 0000899243-18-012735
NOV Inc. · NOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott K. Duff
Officer — VP Cntrlr Chf Acctg Offcr
Period of report
May 14, 2018
Accepted (ET)
May 14, 2018 · 5:12 pm EDT
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 | May 14, 2018 | M | 37,369 | $28.24 | A | 72,697 | D | |
| Common Stock | May 14, 2018 | S | 37,369 | $41.03 | D | 35,328 | D | |
| Common Stock | May 14, 2018 | S | 3,090 | $40.90 | D | 32,238 | D | |
| Common StockF1 | holding | — | — | — | 5,765 | 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 buyF1,F2 | $28.24 | May 14, 2018 | M | 37,369 | D | — | Feb 25, 2026 | Common Stock | 37,369 | 37,370 | D |
Explanation of responses
- F1Represents the number of shares equivalent of NOV common stock held by Mr. Duff under the National Oilwell Varco, Inc. 401(k) Plan. The information in this report is based on Mr. Duff's account balance as of May 13, 2018.
- F2The option, representing a right to purchase a total of 112,108 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.