Kotts John P 4
4 · NABORS INDUSTRIES LTD · Filed Oct 2, 2019
Insider Transaction Report
Form 4
Kotts John P
Director
Transactions
- Award
Stock Options (Right to Buy)
2019-09-30$0.74/sh+61,141$45,000→ 61,141 totalExercise: $1.87From: 2019-09-30Exp: 2029-09-30→ Common Stock (61,141 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 $0.7360 per share. The options are fully vested as of the date of grant, and have an exercise price of $1.87 per share, which is the market price of Nabors' common shares on the date of grant.