0001127602-20-000955.txt : 20200103 0001127602-20-000955.hdr.sgml : 20200103 20200103213924 ACCESSION NUMBER: 0001127602-20-000955 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200102 FILED AS OF DATE: 20200103 DATE AS OF CHANGE: 20200103 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: 20507946 MAIL ADDRESS: STREET 1: P.O. BOX 60068 CITY: HOUSTON STATE: TX ZIP: 77205-0068 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 2020-01-02 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 2020-01-02 4 D 0 47358 0 D 2168897 D Common Stock 2020-01-02 4 A 0 424650 0 A 2593547 D Common Stock 2020-01-02 4 A 0 488722 0 A 3082269 D Represents the number of TSR shares forfeited on January 2, 2020, out of a total of 78,931 TSR shares originally granted to Mr. Restrepo on January 3, 2017, based on the Issuer's relative total shareholder return as compared to a peer group of companies during the three-year performance period beginning on January 1, 2017 and ending on December 31, 2019, as determined on January 2, 2020, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee"). These Performance shares were earned and granted to Mr. Restrepo pursuant to his employment agreement based on the achievement of certain objectives for the year 2019, as determined on January 2, 2020, by the Compensation Committee. The Performance shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant. Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2020 to December 31, 2022) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated. /s/ Mark D. Andrews by Power of Attorney for William Restrepo 2020-01-03