SEC Form 4 · accession 0001127602-17-001064
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
Dec 29, 2016
Accepted (ET)
Jan 5, 2017 · 4:16 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 | Jan 3, 2017 | A | 318,761 | $0.00 | A | 3,378,743 | D | |
| Common Stock | Dec 29, 2016 | G | 100,000 | $0.00 | D | 5,484,481 | I | Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These performance shares will settle at the end of a three-year performance period (January 1, 2017 to December 31, 2019) 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.
- F2These 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.