0001127602-18-000752.txt : 20180103
0001127602-18-000752.hdr.sgml : 20180103
20180103174624
ACCESSION NUMBER: 0001127602-18-000752
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171229
FILED AS OF DATE: 20180103
DATE AS OF CHANGE: 20180103
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kotts John P
CENTRAL INDEX KEY: 0001582064
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32657
FILM NUMBER: 18507062
MAIL ADDRESS:
STREET 1: C/O NABORS CORPORATE SERVICES, INC.
STREET 2: 515 W. GREENS RD., SUITE 1200
CITY: HOUSTON
STATE: TX
ZIP: 77067
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
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-12-29
0001163739
NABORS INDUSTRIES LTD
NBR
0001582064
Kotts John P
C/O NABORS CORPORATE SERVICES, INC.
515 WEST GREENS RD.
HOUSTON
TX
77067
1
Stock Options (Right to Buy)
6.83
2017-12-29
4
A
0
24410
2.2532
A
2017-12-29
2027-12-29
Common Stock
24410
24410
D
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 $55,000 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $2.2532 per share. The options are fully vested as of the date of grant, and have an exercise price of $6.83 per share, which is the closing price of Nabors' common shares on the date of grant.
/s/ Mark D. Andrews by Power of Attorney for John P. Kotts
2018-01-03