Skattum Dag 4
4 · NABORS INDUSTRIES LTD · Filed Jan 3, 2018
Insider Transaction Report
Form 4
Skattum Dag
Director
Transactions
- Award
Stock Options (Right to Buy)
2017-12-29$2.25/sh+18,380$41,414→ 18,380 totalExercise: $6.83From: 2017-12-29Exp: 2027-12-29→ Common Stock (18,380 underlying)
Footnotes (1)
- [F1]The Reporting Person elected to receive stock options in lieu of the quarterly cash payment he would normally receive as a Nabors director. The number of options was determined by dividing the foregone cash payment of $41,413 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $2.2532 per share. The options are fully vested as of the date of grant, and have an exercise price of $6.83 per share, which is the closing price of Nabors' common shares on the date of grant.