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*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 01/01/2021 | 3. Issuer Name and Ticker or Trading Symbol NOW Inc. [ DNOW ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) 01/08/2021 | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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 | 2,191 | D | |
Common stock | 156 | I | By 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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 | ||||
Stock Options (right to buy) | (1) | 02/22/2022 | Common stock | 2,185 | 35.53 | D | |
Stock Options (right to buy) | (2) | 02/24/2022 | Common stock | 4,500 | 22.44 | D | |
Stock Options (right to buy) | (3) | 02/25/2024 | Common stock | 3,018 | 31.433 | D | |
Stock Options (right to buy) | (4) | 02/19/2023 | Common stock | 7,500 | 13.71 | D | |
Stock Options (right to buy) | (5) | 02/21/2024 | Common stock | 5,250 | 20.64 | D | |
Stock Options (right to buy) | (6) | 02/20/2025 | Common stock | 10,000 | 9.9 | D | |
Stock Options (right to buy) | (7) | 02/19/2026 | Common stock | 3,965 | 15.3 | D | |
Stock Options (right to buy) | (8) | 02/21/2027 | Common stock | 20,985 | 9.53 | D | |
Restricted Stock Award | 02/20/2021 | (12) | Common stock | (9) | 0.00 | D | |
Restricted Stock Award | 02/19/2022 | (12) | Common stock | (10) | 0.00 | D | |
Restricted Stock Award | 02/21/2023 | (12) | Common stock | (11) | 0.00 | D |
Explanation of Responses: |
1. The stock options vested in three installments of 728, 729, and 728 on February 21, 2013, February 21, 2014, and February 21, 2015, respectively. |
2. The stock options vested in three installments of 1,500 on February 24, 2016, February 24, 2017, and February 24, 2018, respectively. |
3. The stock options vested in three installments of 1,004, 1,007, and 1,007 on February 25, 2015, February 25, 2016, and February 25, 2017, respectively. |
4. The stock options vested in three installments of 2,500 on February 19, 2017, February 19, 2018, and February 19, 2019, respectively. |
5. The stock options vested in three installments of 1,750 on February 21, 2018, February 21, 2019, and February 21, 2020, respectively. |
6. The stock options vest in three installments of 3,333, 3,333, and 3,334 on February 20, 2019, February 20, 2020, and February 2021, respectively. |
7. The stock options vest in three installments of 1,321, 1,322, and 1,322 on February 19, 2020, February 19, 2021, and February 19, 2022, respectively. |
8. The stock options will vest in three installments of 6,995 on February 21, 2021, February 21, 2022, and February 21, 2023, respectively. |
9. The Reporting Person's 1,450 restricted stock awards will vest on February 20, 2021. |
10. The Reporting Person's 1,567 restricted stock awards will vest on February 19, 2022. |
11. The Reporting Person's 7,760 restricted stock awards will vest on February 21, 2023. |
12. Each restricted stock award represents a contingent right to receive one share of NOW Inc. common stock. |
Remarks: |
The purpose of this filing to correct a typographical error in the Power of Attorney attached hereto as Exhibit 24.1. Chief Administrative and Information Officer See Exhibit 24.1 - Power of Attorney |
/s/ Raymond Chang, Attorney-in-Fact | 01/08/2021 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |