WEATHERFORD INTERNATIONAL LTD 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Mar 2, 2005
Insider Transaction Report
Form 4
PARMIGIANO JAMES N
VP Operational Controller
Transactions
- Award
Phantom Stock Units
2005-02-28+50→ 9,263 total→ Common Shares (50 underlying) - Award
Phantom Stock Units
2005-02-28$57.61/sh+25$1,440→ 9,213 total→ Common Shares (25 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.