NOV (NOV) Form 3 NOV / Isaac H. Joseph ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Joseph Isaac H.

(Last) (First) (Middle)

C/O NOV INC.

7909 PARKWOOD CIRCLE DRIVE

(Street)

HOUSTON TX 77036

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2022

3. Issuer Name and Ticker or Trading Symbol
NOV Inc. [ NOV ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Pres. - Wellbore Technologies

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	138,799	D
Common Stock	7,414(1)	D
Common Stock	20,000(2)	D
Common Stock	26,898(3)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	(4)	02/16/2023	Common Stock	12,253	63.926	D
Non-Qualified Stock Option (right to buy)	(5)	02/26/2024	Common Stock	13,753	68.997	D
Non-Qualified Stock Option (right to buy)	(6)	02/26/2025	Common Stock	25,900	54.74	D
Non-Qualified Stock Option (right to buy)	(7)	02/23/2027	Common Stock	79,830	38.86	D
Non-Qualified Stock Option (right to buy)	(8)	02/25/2026	Common Stock	39,240	34.32	D
Non-Qualified Stock Option (right to buy)	(9)	02/29/2028	Common Stock	71,504	35.09	D
Non-Qualified Stock Option (right to buy)	(10)	02/28/2029	Common Stock	65,934	28.72	D
Non-Qualified Stock Option (right to buy)	(11)	02/26/2030	Common Stock	77,187	20.23	D
Non-Qualified Stock Option (right to buy)	(12)	02/23/2031	Common Stock	79,086	15	D
Non-Qualified Stock Option (right to buy)	(13)	02/16/2032	Common Stock	72,000	16.73	D

Explanation of Responses:

1. Represents the remaining unvested portion of time-based restricted stock granted on 02/25/2020 pursuant to the Issuer's 2018 Long-Term Incentive Plan, which began vesting in three equal annual installments on the first anniversary of the date of grant.

2. Represents a time-based restricted stock award granted on 02/22/2021 pursuant to the Issuer's 2018 Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of grant.

3. Represents an equity award of time-based restricted stock units granted on 02/15/2022 pursuant to the Issuer's 2018 Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of grant.

4. This option is exercisable in three equal annual installments beginning on 02/15/2014.

5. This option is exercisable in three equal annual installments beginning on 02/25/2015.

6. This option is exercisable in three equal annual installments beginning on 02/25/2016.

7. This option is exercisable in three equal annual installments beginning on 02/22/2018.

8. This option is exercisable in three equal annual installments beginning on 02/24/2017 for the first installment, 12/20/2017 for the second installment, and 02/24/2019 for the third installment.

9. This option is exercisable in three equal annual installments beginning on 02/28/2019.

10. This option is exercisable in three equal annual installments beginning on 02/27/2020.

11. This option is exercisable in three equal annual installments beginning on 02/25/2021.

12. This option is exercisable in three equal annual installments beginning on 02/22/2022.

13. This option is exercisable in three equal annual installments beginning on 02/15/2023.

	/s/ Brigitte M. Hunt, Attorney-in-Fact for the reporting person.	04/06/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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