Kelly Ian E 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Jan 3, 2006
Insider Transaction Report
Form 4
Kelly Ian E
Sr VP & Pres PDI Division
Transactions
- Award
Phanton Stock Units
2005-12-30+75→ 324 total→ Common Shares (75 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. Distributions under the Plan are made upon termination of employment, retirement or death of the participant.