WEATHERFORD INTERNATIONAL LTD 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Mar 2, 2005
Insider Transaction Report
Form 4
NICHOLSON JON R
Sr VP Human Resources
Transactions
- Award
Phantom Stock Units
2005-02-28$57.61/sh+35$2,016→ 15,838 total→ Common Shares (35 underlying) - Award
Phantom Stock Units
2005-02-28+70→ 15,908 total→ Common Shares (70 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.