0001127602-17-007505.txt : 20170221
0001127602-17-007505.hdr.sgml : 20170220
20170221182158
ACCESSION NUMBER: 0001127602-17-007505
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170217
FILED AS OF DATE: 20170221
DATE AS OF CHANGE: 20170221
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NABORS INDUSTRIES LTD
CENTRAL INDEX KEY: 0001163739
STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381]
IRS NUMBER: 980363970
STATE OF INCORPORATION: D0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: CROWN HOUSE
STREET 2: 4 PAR-LA-VILLE ROAD SECOND FLOOR
CITY: HAMILTON, HM08
STATE: D0
ZIP: 0000
BUSINESS PHONE: 2464219471
MAIL ADDRESS:
STREET 1: P O BOX HM3349
CITY: HAMILTON, HMPX
STATE: D0
ZIP: 0000
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PETRELLO ANTHONY G
CENTRAL INDEX KEY: 0001195669
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32657
FILM NUMBER: 17626488
MAIL ADDRESS:
STREET 1: NABORS CORP SERVICES
STREET 2: 515 W GREENS RD SUITE 1200`
CITY: HOUSTON
STATE: TX
ZIP: 77067
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-02-17
0001163739
NABORS INDUSTRIES LTD
NBR
0001195669
PETRELLO ANTHONY G
C/O NABORS CORPORATE SERVICES
515 WEST GREENS ROAD
HOUSTON
TX
77067
1
1
CHAIRMAN, PRESIDENT & CEO
Common Stock
2017-02-17
4
D
0
126081
0
D
3777014
D
Common Stock
2017-02-17
4
F
0
79646
15.31
D
3697368
D
Common Stock
2017-02-17
4
A
0
381424
0
A
4078792
D
Common Stock
2017-02-20
4
F
0
1809
15.31
D
4076983
D
Common Stock
2017-02-21
4
F
0
50664
15.31
D
3501967
D
Common Stock
5484481
I
Trust
Represents the forfeiture of performance-based shares granted to Mr. Petrello on January 1, 2014 that were eligible to vest following the end of a three-year performance period (January 1, 2014 to December 31, 2016) based on the Company's relative total shareholder return ("TSR") against a peer group of companies. Upon grant, the maximum vesting amount was reported in Table I of Form 4. Effective February 17, 2017, the Compensation Committee of the Board of Directors determined that, based on the Company's relative TSR performance over the applicable performance period, 189,123 performance shares would vest and 126,081 performance shares would be forfeited.
Reflects the number of shares surrendered to satisfy the tax withholding on the vesting of 189,123 performance shares on February 17, 2017. The remaining shares were retained by the executive.
These performance shares were earned pursuant to Mr. Petrello's employment agreement based upon the achievement of certain objectives for the year 2016 as determined by the Compensation Committee of the Board of Directors on February 17, 2017. The shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of the award.
Reflects the number of shares surrendered to satisfy the tax withholding on the vesting of 76,945 shares of restricted stock on February 20, 2017. The remaining shares were retained by the executive.
Reflects the number of shares surrendered to satisfy the tax withholding on the vesting of 120,771 shares of restricted stock on February 21, 2017. The remaining shares were retained by the executive.
/s/ Mark D. Andrews by Power of Attorney for Anthony G. Petrello
2017-02-21