SEC Form 4 · accession 0001127602-18-001190
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 27, 2017
Accepted (ET)
Jan 4, 2018 · 5:48 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 StockF1 | Dec 27, 2017 | G | 225,000 | $0.00 | D | 5,825,191 | I | Trust |
| Common StockF2 | Jan 2, 2018 | A | 848,142 | $0.00 | A | 3,559,658 | 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 TSR shares will only vest at the end of a three-year performance period (January 1, 2018 to December 31, 2020) based on achieving 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. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated.