COLLEY E LEE III 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Jan 3, 2006
Insider Transaction Report
Form 4
COLLEY E LEE III
Sr VP & Pres. CPS Div.
Transactions
- Award
Phantom Stock Units
2005-12-30$36.53/sh+66$2,411→ 42,924 total→ Common Shares (66 underlying) - Award
Phanton Stock Units
2005-12-30+131→ 43,055 total→ Common Shares (131 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.