<PAGE> 1
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. 4 DATED JANUARY 5, 2001
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. 4 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
--------------------------------
AMOUNT
BENEFICIALLY AMOUNT OFFERED
SELLING SECURITYHOLDER OWNED FOR SALE
---------------------- ------------ --------------
<S> <C> <C>
Bank Hapoalim B.M. $19,992,750 $19,992,750
Jefferies & Co. $ 6,500,000 $ 6,500,000
LDG Limited $ 675,000 $ 675,000
TQA Master Fund Ltd. $ 2,250,000 $ 2,250,000
TQA Master Plus Fund Ltd. $ 1,575,000 $ 1,575,000
</TABLE>
