4/A//SEC Filing
VARDE PARTNERS INC 4/A
Accession 0000950170-25-112503
CIK 0001163739other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 4:30 PM ET
Size
15.2 KB
Accession
0000950170-25-112503
Insider Transaction Report
Form 4/AAmended
Varde Skyway Master Fund, L.P.
10% Owner
Transactions
- Expiration
Option (Obligation to sell)
2025-07-18−3,745→ 0 total(indirect: See footnotes)From: 2025-06-04Exp: 2025-07-18→ Common Shares (374,500 underlying)
VARDE INVESTMENT PARTNERS LP
10% Owner
Transactions
- Expiration
Option (Obligation to sell)
2025-07-18−3,745→ 0 total(indirect: See footnotes)From: 2025-06-04Exp: 2025-07-18→ Common Shares (374,500 underlying)
VARDE PARTNERS INC
10% Owner
Transactions
- Expiration
Option (Obligation to sell)
2025-07-18−3,745→ 0 total(indirect: See footnotes)From: 2025-06-04Exp: 2025-07-18→ Common Shares (374,500 underlying)
Transactions
- Expiration
Option (Obligation to sell)
2025-07-18−3,745→ 0 total(indirect: See footnotes)From: 2025-06-04Exp: 2025-07-18→ Common Shares (374,500 underlying)
Varde Credit Partners Master, L.P.
10% Owner
Transactions
- Expiration
Option (Obligation to sell)
2025-07-18−3,745→ 0 total(indirect: See footnotes)From: 2025-06-04Exp: 2025-07-18→ Common Shares (374,500 underlying)
Footnotes (3)
- [F1]This amendment is being filed solely to report disgorgement by the Reporting Persons to the Issuer, pursuant to Rule 16b-6(d), of $833,738, representing the aggregate premiums received for writing call options that, as reported on the Form 4 filed by the Reporting Persons on July 22, 2025 (the "Original Form 4"), expired within six months of writing. In this regard, 2,743 NBR US Call 35 option contracts written by the Reporting Persons with a VWAP of $248 (not $249 as reflected in the Original Form 4) and 1,002 NBR US Call 40 option contracts written by the Reporting Persons with a VWAP of $153 (not $154 as reflected in the original Form 4), expired on July 18, 2025, which was within six months of writing.
- [F2]Varde Investment Partners G.P., L.P. ("VIP GP") is the general partner of each of Varde Investment Partners (Offshore) Master, L.P. and Varde Investment Partners, L.P., and Varde Investment Partners UGP, LLC ("VIP UGP") is the general partner of VIP GP. Varde Credit Partners G.P., L.P. ("Credit Partners GP") is the general partner of Varde Credit Partners Master, L.P., and Varde Credit Partners UGP, LLC ("Credit Partners UGP") is the general partner of Credit Partners GP. The Varde Skyway Fund G.P., L.P. ("Skyway GP") is the general partner of The Varde Skyway Master Fund, L.P., and The Varde Skyway Fund UGP, LLC ("Skyway UGP") is the general partner of Skyway GP. Varde Partners, L.P. ("VPLP") is the managing member of Credit Partners UGP, VIP UGP, and Skyway UGP. Varde Partners, Inc. ("General Partner") is the general partner of VPLP.
- [F3]Each of the Reporting Persons disclaims beneficial ownership except to the extent of their pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any Reporting Person is the beneficial owner of any or all of the reported securities for the purposes of Section 16 or for any other purpose.
Documents
Issuer
NABORS INDUSTRIES LTD
CIK 0001163739
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001054846
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 4:30 PM ET
- Size
- 15.2 KB