Statement of Changes in Beneficial Ownership (4)
May 05 2021 - 5:59PM
Edgar (US Regulatory)
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
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1. Name and Address of Reporting Person
*
Restrepo William J |
2. Issuer Name and Ticker or Trading Symbol
NABORS INDUSTRIES LTD
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NBR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/3/2021 |
(Street)
HOUSTON, TX 77067
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 5/3/2021 | | C(1) | | 991 (1) | A | $0 | 91347 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
6.00% Mandatory Convertible Preferred Shares, Series A | $0 | 5/3/2021 | | C (1) | | | 7230 (1) | (2) | (2) | Common Stock | 991 (1) | $0 | 0 | D | |
Explanation of Responses: |
(1) | On May 3, 2021, the mandatory conversion date, each of the 7,230 shares of 6.00% Mandatory Convertible Preferred Shares, Series A (the "Preferred Shares"), held by the Reporting Person was automatically converted into 0.1372 of the Issuer's common shares, for a total of 991 common shares. The Reporting Person also received cash in lieu of fractional common shares pursuant to the mandatory conversion. The acquisition of the Preferred Shares on February 27, 2020 was originally inadvertently disclosed on Table I to a Form 4 filed on February 27, 2020. |
(2) | Mandatory conversion date of May 3, 2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Restrepo William J C/O NABORS CORPORATE SERVICES, INC. 515 W. GREENS RD., SUITE 1200 HOUSTON, TX 77067 |
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| Chief Financial Officer |
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Signatures
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/s/ Mark D. Andrews by Power of Attorney for William Restrepo | | 5/5/2021 |
**Signature of Reporting Person | Date |
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