WEATHERFORD INTERNATIONAL LTD 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Sep 1, 2004
Insider Transaction Report
Form 4
PARMIGIANO JAMES N
VP Operational Controller
Transactions
- Award
Phantom Stock Units
2004-08-31+64→ 8,723 total→ Common Shares (64 underlying) - Award
Phantom Stock Units
2004-08-31$45.09/sh+32$1,443→ 8,659 total→ Common Shares (32 underlying)
Footnotes (2)
- [F1]The phantom stock units convert to common shares on a one-for-one basis.
- [F2]All phantom stock units credited under the Company's Executive Deferred Compensation Stock Ownership Plan (the "Plan") with respect to deferrals by a participant are 100% vested at all times. All units credited under the Plan with respect to the Company's 7.5% allocation and matching allocation vest at 20% per year for each year of service after January 1, 1993. Distributions under the Plan are made upon termination of employment, retirement or death of the participant.