NATIONAL OILWELL VARCO INC 4
4 · NATIONAL OILWELL VARCO INC · Filed Apr 30, 2015
Insider Transaction Report
Form 4
JARVIS ROGER L
Director
Transactions
- Exercise/Conversion
Common Stock
2015-04-29$19.19/sh+16,268$312,232→ 50,012 total - Exercise/Conversion
Non-Qualified Stock Option (Right to buy)
2015-04-29−16,268→ 0 totalExercise: $19.19Exp: 2015-05-19→ Common Stock (16,268 underlying) - Sale
Common Stock
2015-04-29$52.90/sh−5,900$312,122→ 44,112 total
Footnotes (2)
- [F1]In connection with the spin-off of NOW Inc. on May 30, 2014, all outstanding NOV stock options, restricted stock awards and performance based equity 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 the 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.