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
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Greens Road Energy LLC

(Last) (First) (Middle)
515 WEST GREENS ROAD, SUITE 1200

(Street)
HOUSTON TX 77067

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2021
3. Issuer Name and Ticker or Trading Symbol
Nabors Energy Transition Corp. [ NETC.U ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
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)
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
Class F Common Stock (1) (1) Class B Common Stock 6,725,000(2) (1) I See footnote(3)
Explanation of Responses:
1. The shares of Class F Common Stock are automatically convertible into shares of the Issuer's Class B Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. Prior to and following the Issuer's initial business combination, the shares of Class B Common Stock will be convertible, at the option of the holder, into shares of the Issuer's Class A Common Stock.
2. Includes 900,000 shares of Class F Common Stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering of units do not exercise their over-allotment option in full.
3. Nabors Energy Transition Sponsor LLC (the "Sponsor") is the record holder of the shares reported herein. The Sponsor is owned by Greens Road Energy LLC, a Delaware limited liability company ("Greens Road"), and Nabors Lux 2 S.a.r.l. As such, Greens Road may be deemed to have or share beneficial ownership of the common stock held directly by the Sponsor. Greens Road disclaims any beneficial ownership of securities held by the Sponsor other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
/s/ Greens Roads Energy LLC, by Anthony G. Petrello, as Manager of Remington SPAC I, LLC 11/16/2021
** 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.