SEC Form 4 · accession 0000899243-19-005499

NOV Inc. · NOV

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

Reporting owner

Officer — VP Cntrlr Chf Acctg Offcr

Period of report

Feb 27, 2019

Accepted (ET)

Mar 1, 2019 · 6:18 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^F1	Feb 27, 2019	A	24,250	$0.00	A	54,098	D
Common Stock^F2	Feb 27, 2019	F	6,833	$28.72	D	47,265	D
Common Stock^F3	Feb 27, 2019	A	18,802	$0.00	A	66,067	D
Common Stock^F4	Feb 28, 2019	S	15,125	$28.0188	D	50,942	D
Common Stock^F5	Feb 28, 2019	F	2,221	$28.14	D	48,721	D
Common Stock^F6	holding	—	—		—	5,892	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)^F7	$28.72	Feb 27, 2019	A	59,341	A	—	Feb 28, 2029	Common Stock	59,341	59,341	D

F1Represents the total number of shares that vested from the performance share awards granted to Mr. Duff on February 24, 2016.
F2Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Duff on February 24, 2016 to satisfy tax withholding liability.
F3An equity award of time-based restricted stock pursuant to the Issuer's 2018 Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of the grant.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.83 to $ 28.17, inclusive.
F5Represents the number of shares withheld from the vesting of time-based restricted stock (granted on February 28, 2018) to satisfy tax withholding liability.
F6Represents 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 February 27, 2019.
F7The option, awarded pursuant to the Issuer's 2018 Long-Term Incentive Plan, representing a right to purchase a total of 59,341 shares, will become exercisable in three equal annual installments beginning on February 27, 2020, which will be the first anniversary of the date on which the option was granted.