Kotts John P 4
4 · NABORS INDUSTRIES LTD · Filed Jan 3, 2019
Insider Transaction Report
Form 4
Kotts John P
Director
Transactions
- Award
Stock Options (Right to Buy)
2018-12-31$0.84/sh+65,212$55,000→ 65,212 totalExercise: $2.00From: 2018-12-31Exp: 2028-12-31→ Common Stock (65,212 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 $55,000 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $0.8434 per share. The options are fully vested as of the date of grant, and have an exercise price of $2.00 per share, which is the market price of Nabors' common shares on the date of grant.