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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-K/A
AMENDMENT NO. 1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2001 COMMISSION FILE NO. 000-49887
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NABORS INDUSTRIES LTD.
(Exact name of registrant as specified in its charter)
BERMUDA 980363970
(State of incorporation) (I.R.S. Employer Identification No.)
c/o THE CORPORATE SECRETARY LIMITED
WHITE PARK HOUSE
WHITEPARK ROAD
BRIDGETOWN, BARBADOS N/A
(Address of principal executive offices) (Zip Code)
(246) 427-8617
(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Name of each
Title of each class exchange on which registered
COMMON SHARES, $.001 PAR VALUE PER SHARE AMERICAN STOCK EXCHANGE, INC.
Indicate by check mark whether registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months, and (2) has been subject to such filing requirements
for the past 90 days.
YES [X] NO [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained in this Form 10-K, and will not be contained,
to the best
of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
The aggregate market value on June 24, 2002 of voting stock held by
non-affiliates of the registrant was approximately $4.7 billion.
The number of common shares, par value $.001 per share, outstanding as of June
24, 2002 was 144,185,776.
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EXPLANATORY NOTE
This Amendment No. 1 on Form 10-K/A to the Annual Report on Form 10-K
of Nabors Industries, Inc., a Delaware corporation ("Nabors Delaware"), for the
fiscal year ended December 31, 2001 (the "Form 10-K") is filed by Nabors
Industries Ltd., a Bermuda exempted company (the "Company"), as the successor
registrant to Nabors Delaware pursuant to the merger of Nabors Delaware and a
wholly owned Delaware merger subsidiary of the Company. The Company is filing
this Amendment No. 1 to the Form 10-K to amend Exhibit 12 (Computation of Ratios
of Earnings to Fixed Charges) to the Form 10-K in its entirety to give effect to
the removal of undistributed income of equity investees from the earnings
portion of the calculation. Capitalized terms used and not defined herein shall
have the meanings ascribed to them in the Form 10-K.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.
NABORS INDUSTRIES LTD.
By: /s/ Daniel McLachlin
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Daniel McLachlin
Vice President
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Exhibit Index
Exhibit 12 Computation of Ratios of Earnings to Fixed Charges
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