0001127602-21-000854.txt : 20210105
0001127602-21-000854.hdr.sgml : 20210105
20210105202337
ACCESSION NUMBER: 0001127602-21-000854
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210102
FILED AS OF DATE: 20210105
DATE AS OF CHANGE: 20210105
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: 21508537
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
2021-01-02
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
2021-01-02
4
D
0
2100
0
D
60046
D
Common Stock
2021-01-02
4
A
0
9776
0
A
69822
D
Common Stock
2021-01-04
4
A
0
20534
0
A
90356
D
Represents the number of TSR shares forfeited on January 2, 2021, out of a total of 4,200 TSR shares originally granted to Mr. Restrepo on January 2, 2018, 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, 2018 and ending on December 31, 2020, as determined on December 31, 2020, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee").
On April 22, 2020, the Issuer effected a 1-for-50 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported here have been adjusted to reflect the Reverse Stock Split.
These Performance restricted share units were earned and granted to Mr. Restrepo pursuant to his employment agreement based on the achievement of certain objectives for the year 2020, as determined on December 31, 2020, by the Compensation Committee. The number of Performance restricted share units reported represents the maximum that was earned, which is 200% of the target number. The Performance restricted share units are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant, January 2, 2020.
Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2021 to December 31, 2023) 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
2021-01-05