SEC Form 4 · accession 0000899243-19-005502
NOV Inc. · NOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph W Rovig
Officer — President - Rig Technologies
Period of report
Feb 27, 2019
Accepted (ET)
Mar 1, 2019 · 6:21 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 27, 2019 | A | 32,332 | $0.00 | A | 90,807 | D | |
| Common StockF2 | Feb 27, 2019 | F | 12,723 | $28.72 | D | 78,084 | D | |
| Common StockF3 | Feb 27, 2019 | A | 20,891 | $0.00 | A | 98,975 | D | |
| Common StockF4 | Feb 28, 2019 | F | 2,468 | $28.14 | D | 96,507 | D | |
| Common StockF5 | holding | — | — | — | 894 | 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)F6 | $28.72 | Feb 27, 2019 | A | 65,934 | A | — | Feb 28, 2029 | Common Stock | 65,934 | 65,934 | D |
Explanation of responses
- F1Represents the total number of shares that vested from the performance share awards granted to Mr. Rovig on February 24, 2016.
- F2Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Rovig 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.
- F4Represents the number of shares withheld from the vesting of time-based restricted stock (granted on February 28, 2018) to satisfy tax withholding liability.
- F5Represents 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 February 27, 2019.
- F6The option, awarded pursuant to the Issuer's 2018 Long-Term Incentive Plan, representing a right to purchase a total of 65,934 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