0001127602-17-007507.txt : 20170221
0001127602-17-007507.hdr.sgml : 20170221
20170221182310
ACCESSION NUMBER: 0001127602-17-007507
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: Restrepo William J
CENTRAL INDEX KEY: 0001334321
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32657
FILM NUMBER: 17626492
MAIL ADDRESS:
STREET 1: P.O. BOX 60068
CITY: HOUSTON
STATE: TX
ZIP: 77205-0068
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-02-17
0001163739
NABORS INDUSTRIES LTD
NBR
0001334321
Restrepo William J
C/O NABORS CORPORATE SERVICES, INC.
515 W. GREENS RD., SUITE 1200
HOUSTON
TX
77067
1
Chief Financial Officer
Common Stock
2017-02-17
4
D
0
32137
0
D
863455
D
Common Stock
2017-02-17
4
A
0
80495
0
A
943950
D
Common Stock
2017-02-17
4
F
0
13677
15.31
D
930273
D
Common Stock
2017-02-20
4
F
0
4868
15.31
D
925405
D
Represents the forfeiture of performance-based shares granted to Mr. Restrepo on March 3, 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, 48,209 performance shares would vest and 32,137 performance shares would be forfeited.
These performance shares were earned pursuant to Mr. Restrepo'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 48,209 performance shares on February 19, 2017. The remaining shares were retained by the executive.
Reflects the number of shares surrendered to satisfy the tax withholding on the vesting of 17,861 shares of restricted stock on February 20, 2017. The remaining shares were retained by the executive.
/s/ Mark D. Andrews by Power of Attorney for William Restrepo
2017-02-21