SEC Form 4 · accession 0001127602-16-055219
NABORS INDUSTRIES LTD · NBR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Restrepo
Officer — Chief Financial Officer
Period of report
Jun 7, 2016
Accepted (ET)
Jun 9, 2016 · 4:56 pm EDT
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 | Jun 7, 2016 | A | 201,238 | $0.00 | A | 837,754 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These performance shares were earned pursuant to Mr. Restrepo's employment agreement based upon the achievement of certain objectives for the year 2015 as determined by the Compensation Committee of the Board of Directors on February 19, 2016. The shares are scheduled to vest in three (3) equal annual installments beginning on June 7, 2017.