PARMIGIANO JAMES N 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Jan 4, 2005
Insider Transaction Report
Form 4
PARMIGIANO JAMES N
VP Operational Controller
Transactions
- Award
Phantom Stock Units
2004-12-31$51.59/sh+28$1,445→ 9,048 total→ Common Shares (28 underlying) - Award
Phantom Stock Units
2004-12-31+56→ 9,104 total→ Common Shares (56 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.