SEC Form 4 · accession 0001209191-15-028291
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
Mar 19, 2015
Accepted (ET)
Mar 20, 2015 · 5:41 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 StockF1,F2 | Mar 19, 2015 | F | 8,531 | $47.89 | D | 103,966 | D | |
| Common Stock | holding | — | — | — | 30,000 | I | by Children's Trusts | |
| Common StockF3 | holding | — | — | — | 38 | I | by NOV Saving Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares withheld from the vesting of performance-based restricted stock shares to satisfy tax withholding liability.
- F2In connection with the spin-off of NOW Inc. on May 30, 2014, all outstanding NOV stock options, restricted stock awards and performance based equity awards held by continuing NOV employees, officers and directors, were adjusted to preserve the intrinsic value of such awards. The adjusted number of shares subject to such awards are reflected in this filing.
- F3Represents the number of shares equivalent of NOV 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 March 19, 2015.