SEC Form 4 · accession 0001127602-19-008502
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
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 7:22 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 | Feb 22, 2019 | A | 1,998,684 | $0.00 | A | 5,913,550 | D | |
| Common Stock | Feb 23, 2019 | F | 111,615 | $3.10 | D | 5,801,935 | D | |
| Common Stock | holding | — | — | — | 5,982,586 | I | Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These Performance shares were earned and granted to Mr. Petrello pursuant to his employment agreement based on the achievement of certain objectives for the year 2018, as determined on February 22, 2019, by the Compensation Committee. The Performance shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F2Reflects the number of shares surrendered on February 23, 2019 to satisfy the tax withholding on the vesting of 283,921 shares of the 851,763 performance shares originally granted on February 23, 2018. The remaining 172,306 vested shares were retained by the executive.