Statement of Changes in Beneficial Ownership (4)
06 May 2021 - 8:08AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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PETRELLO ANTHONY G |
2. Issuer Name and Ticker or Trading Symbol
NABORS INDUSTRIES LTD
[
NBR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CHAIRMAN, PRESIDENT & CEO |
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(Last)
(First)
(Middle)
C/O NABORS CORPORATE SERVICES, 515 WEST GREENS ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/3/2021 |
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(Street)
HOUSTON, TX 77067
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 5/3/2021 | | C(1) | | 123 (1) | A | $0 | 140025 | I | Trust |
| Common Stock | | | | | | | | 210357 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| 6.00% Mandatory Convertible Preferred Shares, Series A | $0 | 5/3/2021 | | C (1) | | | 900 (1) | (2) | (2) | Common Stock | 123 (1) | $0 | 0 | I | Trust |
| Explanation of Responses: |
| (1) | On May 3, 2021, the mandatory conversion date, each of the 900 shares of 6.00% Mandatory Convertible Preferred Shares, Series A (the "Preferred Shares"), held by the Reporting Person was automatically converted into 0.1372 of the Issuer's common shares, for a total of 123 common shares. The Reporting Person also received cash in lieu of fractional common shares pursuant to the mandatory conversion. The acquisition of the Preferred Shares on February 27, 2020 and February 28, 2020 was originally inadvertently disclosed on Table I to a Form 4 filed on March 3, 2020. |
| (2) | Mandatory conversion date of May 3, 2021. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
PETRELLO ANTHONY G
C/O NABORS CORPORATE SERVICES
515 WEST GREENS ROAD
HOUSTON, TX 77067 | X |
| CHAIRMAN, PRESIDENT & CEO |
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Signatures
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| /s/ Mark D. Andrews by Power of Attorney for Anthony G. Petrello | | 5/5/2021 |
| **Signature of Reporting Person | Date |
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