0001127602-21-000861.txt : 20210105
0001127602-21-000861.hdr.sgml : 20210105
20210105203106
ACCESSION NUMBER: 0001127602-21-000861
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201229
FILED AS OF DATE: 20210105
DATE AS OF CHANGE: 20210105
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: 21508564
MAIL ADDRESS:
STREET 1: NABORS CORP SERVICES
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
2020-12-29
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
2020-12-29
5
G
0
E
5400
56.31
D
139902
I
Trust
Common Stock
2020-12-31
4
F
0
3
56.67
D
138320
D
Common Stock
2021-01-02
4
F
0
6940
58.23
D
131380
D
Common Stock
2021-01-02
4
A
0
51779
0
A
183159
D
Common Stock
2021-01-02
4
F
0
6785
58.23
D
176374
D
Common Stock
2021-01-04
4
A
0
41463
0
A
217837
D
These shares were donated to a charitable foundation.
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.
Reflects the number of shares surrendered on December 31, 2020 to satisfy the tax withholding on the vesting of 5 restricted shares out of the 15 restricted shares originally granted on December 31, 2018. The 2 vested shares remaining were retained by the executive.
Reflects the number of shares surrendered on January 2, 2021 to satisfy the tax withholding on the vesting of 16,999 shares of the 50,996 Performance shares originally granted on January 2, 2020. The remaining 10,059 vested shares were retained by the executive.
These Performance restricted share units were earned and granted to Mr. Petrello 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 actual amount that was earned, which is 196.76% 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.
Reflects the number of Performance restricted share units surrendered on January 2, 2021 to satisfy the tax withholding on the vesting of 17,260 Performance restricted share units of the 51,779 Performance restricted share units earned on January 2, 2021 out of the 52,632 Performance restricted share units that were originally granted on January 2, 2020. The remaining 10,475 vested Performance shares were retained by the executive.
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 Anthony G. Petrello
2021-01-05