FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

PETRELLO ANTHONY G
2. Issuer Name and Ticker or Trading Symbol

NABORS INDUSTRIES LTD [ NBR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CHAIRMAN, PRESIDENT & CEO
(Last)          (First)          (Middle)

C/O NABORS CORPORATE SERVICES, 515 WEST GREENS ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

2/27/2020
(Street)

HOUSTON, TX 77067
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Preferred Shares 2/27/2020  P(1)  200 (1)A$14.25 200 I Trust 
Preferred Shares 2/28/2020  P(1)  700 (1)A$14.2143 900 I Trust 
Common Stock         7643707 D  
Common Stock         6537578 I Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) 6.00% Mandatory Convertible Preferred Shares, Series A, convertible into Common Stock on or about May 1, 2021 at a floating conversion rate. The purchases occurred in private transactions in the open market.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
PETRELLO ANTHONY G
C/O NABORS CORPORATE SERVICES
515 WEST GREENS ROAD
HOUSTON, TX 77067
X
CHAIRMAN, PRESIDENT & CEO

Signatures
/s/ Mark D. Andrews by Power of Attorney for Anthony G. Petrello3/2/2020
**Signature of Reporting PersonDate

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