Sec Form 4 Filing - PETRELLO ANTHONY G @ NABORS INDUSTRIES LTD - 2021-05-03

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
PETRELLO ANTHONY G
2. Issuer Name and Ticker or Trading Symbol
NABORS INDUSTRIES LTD [ NBR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CHAIRMAN, PRESIDENT & CEO
(Last) (First) (Middle)
C/O NABORS CORPORATE SERVICES, 515 WEST GREENS ROAD
3. Date of Earliest Transaction (MM/DD/YY)
05/03/2021
(Street)
HOUSTON, TX77067
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/03/2021 C( 1 ) 123 ( 1 ) A $ 0 140,025 I Trust
Common Stock 210,357 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
6.00% Mandatory Convertible Preferred Shares, Series A $ 0 05/03/2021 C( 1 ) 900 ( 1 ) ( 2 ) ( 2 ) Common Stock 123 ( 1 ) $ 0 0 I Trust
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PETRELLO ANTHONY G
C/O NABORS CORPORATE SERVICES
515 WEST GREENS ROAD
HOUSTON, TX77067
X CHAIRMAN, PRESIDENT & CEO
Signatures
/s/ Mark D. Andrews by Power of Attorney for Anthony G. Petrello 05/05/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On May 3, 2021, the mandatory conversion date, each of the 900 shares of 6.00% Mandatory Convertible Preferred Shares, Series A (the "Preferred Shares"), held by the Reporting Person was automatically converted into 0.1372 of the Issuer's common shares, for a total of 123 common shares. The Reporting Person also received cash in lieu of fractional common shares pursuant to the mandatory conversion. The acquisition of the Preferred Shares on February 27, 2020 and February 28, 2020 was originally inadvertently disclosed on Table I to a Form 4 filed on March 3, 2020.
( 2 )Mandatory conversion date of May 3, 2021.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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