Statement of Changes in Beneficial Ownership (4)
October 01 2021 - 5:22PM
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
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
*
CHASE ANTHONY R |
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
_____ Officer (give title below) _____ Other (specify below)
|
|
(Last)
(First)
(Middle)
C/O NABORS CORPORATE SERVICES, INC., 515 WEST GREENS RD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/30/2021 |
|
(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
|
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 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 |
| Stock Options (Right to Buy) | $96.48 | 9/30/2021 | | A (1) | | 552 (1) | | 9/30/2021 | 9/30/2031 | Common Stock | 552 (1) | $67.9921 (1) | 552 | D | |
| Explanation of Responses: |
| (1) | The Reporting Person elected to receive stock options in lieu of the quarterly cash payment he would normally receive as a Nabors director. The number of options was determined by dividing the foregone cash payment of $37,500 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $67.9921 per share. The options are fully vested as of the date of grant, and have an exercise price of $96.48 per share, which is the market price of Nabors' common shares on the date of grant. |
Reporting Owners
|
| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
CHASE ANTHONY R
C/O NABORS CORPORATE SERVICES, INC.
515 WEST GREENS RD.
HOUSTON, TX 77067 | X |
|
|
|
Signatures
|
| /s/ Mark D. Andrews by Power of Attorney for Anthony R. Chase | | 10/1/2021 |
| **Signature of Reporting Person | Date |
Nabors Industries (NYSE:NBR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nabors Industries (NYSE:NBR)
Historical Stock Chart
From Apr 2023 to Apr 2024
