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
[F1][F2]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.
Signature
Burt M. Martin, by Power of Attorney|2006-01-03