SEC Form 4 · accession 0001209191-15-030645
NOV Inc. · NOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Beauchamp
Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 1, 2015 · 1:41 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 | Mar 31, 2015 | M | 10,845 | $19.193 | A | 45,490 | D |
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)F1,F2 | $19.193 | Mar 31, 2015 | M | 10,845 | D | — | May 19, 2015 | Common Stock | 10,845 | 0 | D |
Explanation of responses
- F1In 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 and the adjusted exercise price for any such options are reflected in this filing.
- F2The option, representing a right to purchase a total of 16,268 shares, became exercisable in three equal annual installments beginning on May 18, 2006, which was the first anniversary of the date on which the option was granted.