SEC Form 4 · accession 0000899243-18-021399
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
Aug 1, 2018
Accepted (ET)
Aug 3, 2018 · 5:15 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 | Aug 1, 2018 | M | 465,116 | $28.24 | A | 811,642 | D | |
| Common Stock | Aug 1, 2018 | S | 465,116 | $47.9108 | D | 346,526 | D | |
| Common Stock | holding | — | — | — | 30,000 | I | by Children's Trusts | |
| Common StockF1 | 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)F2 | $28.24 | Aug 1, 2018 | M | 465,116 | D | — | Feb 25, 2026 | Common Stock | 465,116 | 232,558 | D |
Explanation of responses
- F1Represents 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 August 1, 2018.
- F2The option, representing a right to purchase a total of 697,674 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.