Kotts John P 4
4 · NABORS INDUSTRIES LTD · Filed Jul 2, 2019
Insider Transaction Report
Form 4
Kotts John P
Director
Transactions
- Award
Stock Options (Right to Buy)
2019-06-28$1.21/sh+37,323$45,000→ 37,323 totalExercise: $2.90From: 2019-06-28Exp: 2029-06-28→ Common Stock (37,323 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 $45,000 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $1.2057 per share. The options are fully vested as of the date of grant, and have an exercise price of $2.90 per share, which is the market price of Nabors' common shares on the date of grant.