SEC Form 4 · accession 0001127602-19-000998
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
Jan 2, 2019
Accepted (ET)
Jan 3, 2019 · 8:00 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 | Jan 2, 2019 | D | 111,555 | $0.00 | D | 1,107,280 | D | |
| Common StockF2 | Jan 2, 2019 | A | 517,928 | $0.00 | A | 1,625,208 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of TSR shares forfeited on January 2, 2019, out of a total of 148,741 TSR shares originally granted to Mr. Restrepo on January 4, 2016, based on the Issuer's relative total shareholder return as compared to a peer group of companies during the three-year performance period beginning on January 1, 2016 and ending on December 31, 2018, as determined on January 2, 2019, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee").
- F2Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2019 to December 31, 2021) based on the Issuer's relative total shareholder return as compared to 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.