NATIONAL OILWELL VARCO INC 4
4 · NATIONAL OILWELL VARCO INC · Filed Dec 30, 2014
Insider Transaction Report
Form 4
HARRISON DAVID D
Director
Transactions
- Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2014-12-29−8,000→ 8,268 totalExercise: $19.19Exp: 2015-05-19→ Common Stock (8,000 underlying) - Exercise/Conversion
Common Stock
2014-12-29$19.19/sh+8,000$153,544→ 32,945 total - Sale
Common Stock
2014-12-29$66.99/sh−5,500$368,458→ 27,445 total
Footnotes (2)
- [F1]In connection with the spin-off of NOW Inc. on May 30, 2014, outstanding NOV stock options and restricted stock awards held by continuing NOV employees, officers and directors, were adjusted to preserve the intrinsic value of such awards. The adjusted number of shares subject to such awards and adjusted exercise price for any such options are reflected in this filing.
- [F2]The option, representing a right to purchase a total of 16,268 shares, became exercisable in three equal annual installments beginning on May 18, 2006, which was the first anniversary of the date on which the option was granted.