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Filed pursuant to Rule 424(b)(3)
Registration No. 333-44532
Zero Coupon Convertible Senior Debentures due 2020
CUSIP No. 629568 AC 0
NABORS INDUSTRIES, INC.
PROSPECTUS SUPPLEMENT NO. 3 DATED NOVEMBER 28, 2000
TO PROSPECTUS DATED SEPTEMBER 6, 2000
The selling securityholders table on pages 7 and 8 of the prospectus,
as previously supplemented, is further amended by this supplement no. 3 to add
the following entities as selling securityholders and to list the amounts of the
securities beneficially owned and being offered for sale by such
securityholders:
<TABLE>
<CAPTION>
ZERO COUPON CONVERTIBLE DEBENTURES
DUE 2020
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AMOUNT AMOUNT OFFERED
SELLING SECURITYHOLDER BENEFICIALLY OWNED FOR SALE
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<S> <C> <C>
CFFX, LLC $ 3,000,000 $ 3,000,000
Fidelity Financial Trust: Fidelity Convertible Securities Fund(1) $ 54,250,000 $ 54,250,000
</TABLE>
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(1) This entity is an investment company or a portfolio of an investment company
registered under Section 8 of the Investment Company Act of 1940, as amended, or
a private investment account advised by Fidelity Management & Research Company
("FMR Co."). FMR Co. is a Massachusetts corporation and an investment advisor
registered under Section 203 of the Investment Advisers Act of 1940, as amended,
and provides investment advisory services to each of such Fidelity entities
identified above, and to other registered investment companies and to certain
other funds which are generally offered to a limited group of investors. FMR Co.
is a wholly owned subsidiary of FMR Corp. ("FMR"), a Massachusetts corporation.
Based on Schedules 13G filed by Fidelity International Limited ("FIL") and FMR
on August 9, 2000, FIL and FMR beneficially owned 9,220,830 shares of Nabors'
common stock, which represented 6.303% of the outstanding shares of common stock
at that date. This amount included 636,227 shares issuable upon conversion of
$59,250,000 principal amount of the zero coupon debentures, based on a
conversion ration of 10.738 shares for each $1,000 principal amount of
debentures.
