Statement of Ownership (sc 13g)
06 June 2020 - 6:17AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. )*
Nabors Industries Ltd.
(Name of Issuer)
Common Shares, $.05 par value per share
(Title of Class of Securities)
G6359F137
(CUSIP Number)
May 28, 2020
(Date of Event Which Requires Filing of
this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
*The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
1
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Name of Reporting Person
Hushang Ansary
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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¨
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(b)
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¨
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
United States of America
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Number of
Shares Beneficially Owned by
Each
Reporting
Person With
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5
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Sole Voting Power
500,000
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6
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Shared Voting Power
01
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7
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Sole Dispositive Power
500,000
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8
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Shared Dispositive Power
01
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
500,0001
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10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
¨
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11
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Percent of Class Represented by Amount in Row (9)
6.8%1,2
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12
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Type of Reporting Person (See Instructions)
IN
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1
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Does not include 60,000 Common Shares of Nabors Industries, Ltd. (the “Common Shares”) indirectly held by Ennia Caribe Holding N.V., an entity in which Mr. Ansary indirectly owns a controlling equity interest and any other Common Shares indirectly held by Ennia Caribe Holding N.V. See Item 4. Were these 60,000 Common Shares included as being beneficially owned by Mr. Ansary, (i) the total number of Common Shares over which Mr. Ansary would have shared voting power and shared dispositive power would increase to 60,000, (ii) the aggregate number of Common Shares beneficially owned by Mr. Ansary would increase to 560,000 and (iii) the percent of class of Common Shares beneficially owned by Mr. Ansary would increase to 7.7%.
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2
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The ownership percentages included in this Schedule 13G are based on 7,299,780 Common Shares of Nabors Industries Ltd. outstanding (excluding Common Shares held by its subsidiaries), as of May 6, 2020, as reported in Nabors Industries Ltd.’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020.
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Item 1 (a)
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Name of Issuer
Nabors Industries Ltd.
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Item 1 (b)
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Address of Issuer's Principal Executive Offices:
Crown House
Second Floor
4 Par-la-Ville Road
Hamilton, HM 08
Bermuda
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Item 2
(a)
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Name of Person Filing:
Hushang Ansary
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Item 2 (b)
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Address of Principal Business Office:
c/o Parman Enterprises LLC
1000 Louisiana, Suite 3700
Houston, TX 77002
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Item 2 (c)
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Citizenship:
United States of America
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Item 2 (d)
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Title of Class of Securities:
Common Shares, $.05 par value per share
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Item 2 (e)
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CUSIP Number:
G6359F137
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Item 3
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
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Item 4
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Ownership:
Please see Items 5, 6, 7, 8, 9 and 11 of the cover sheet for
Mr. Ansary.
Mr. Ansary holds directly 500,000 Common Shares.
Mr. Ansary owns a controlling equity interest in Parman International
B.V., a private investment company organized under the laws of Curacao (“Parman International”) and, indirectly, in
Parman International's wholly-owned subsidiary Ennia Caribe Holding N.V. , a private company organized under the laws of Curacao
(together with its various direct and indirect subsidiaries, the "ECH Group"). Pursuant to legal proceedings related
to certain members of the ECH Group instituted in Curacao (and related proceedings in New York) that are being contested by Parman
International, among other things, neither Mr. Ansary nor Parman International has the ability, directly or indirectly, to take
any action with respect to the disposition of, or voting with respect to, any shares of Common Stock held by any member of the
ECH Group. A brokerage account statement filed in connection with the proceedings referenced above indicates that 60,000 Common
Shares are held by a member of the ECH Group. Inasmuch as, pursuant to the proceedings referenced above, neither Mr. Ansary nor
Parman International has ability, directly or indirectly, to take any action with respect to the disposition of, or voting with
respect to, any Common Shares held by any member of the ECH Group, neither Mr. Ansary nor Parman International has beneficial ownership
of any Common Shares held by any member of the ECH Group. Had the proceedings referenced above not been instituted, Mr. Ansary
would be, and Parman International and Ennia Caribe Holding N.V. may be, deemed to be the beneficial owners of such 60,000 Common
Shares and of any other Common Shares held by any member of the ECH Group.
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Item 5
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Ownership of 5 Percent or Less of a Class:
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities,
check the following ¨.
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Item 6
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Ownership of More than 5 Percent on Behalf of Another Person:
See Item 4.
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Item
7
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
or Control Person:
Not applicable.
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Item 8
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Identification and Classification of Members of the Group:
Not applicable.
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Item 9
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Notice of Dissolution of Group:
Not applicable.
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Item 10
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Certifications:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
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SIGNATURE
After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: June 5, 2020
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Hushang Ansary
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By:
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/s/ Hushang Ansary
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Name:
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Hushang Ansary
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