Skattum Dag 4
4 · NABORS INDUSTRIES LTD · Filed Apr 3, 2018
Insider Transaction Report
Form 4
Skattum Dag
Director
Transactions
- Award
Stock Options (Right to Buy)
2018-03-29$2.49/sh+16,057$40,000→ 16,057 totalExercise: $6.99From: 2018-03-29Exp: 2028-03-29→ Common Stock (16,057 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 $40,000 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $2.4911 per share. The options are fully vested as of the date of grant, and have an exercise price of $6.99 per share, which is the closing price of Nabors' common shares on the date of grant.