SEC Form 4 · accession 0001127602-16-036338
NABORS INDUSTRIES LTD · NBR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony G Petrello
Officer — CHAIRMAN, PRESIDENT & CEO · Director
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001163739
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 29, 2015 | G | 250,000 | $0.00 | D | 5,060,129 | I | Trust |
| Common Stock | Jan 4, 2016 | A | 600,686 | $0.00 | A | 3,005,052 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were donated to a charitable foundation for which Mr. Petrello has shared voting and dispositive power. Mr. Petrello disclaims beneficial ownership of the shares held by the charitable foundation.
- F2These performance shares will settle at the end of a three-year performance period (January 1, 2016 to December 31, 2018) based on the Company's relative total shareholder return against a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number.