WEATHERFORD INTERNATIONAL LTD 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Jun 1, 2006
Insider Transaction Report
Form 4Exit
Kelly Ian E
Sr VP & Pres PDI Division
Transactions
- Award
Phanton Stock Units
[F1][F2]2006-05-31+45→ 2,177 total→ Common Shares (45 underlying)
Footnotes (2)
- [F1]The phantom stock units convert to common shares on a one-for-one basis.
- [F2]The phantom stock units were credited under the Company's Foreign Executive Deferred Compensation Stock Plan (the "FEDC"). The phantom stock units credited are based upon the Company's allocation of 15% of the participant's compensation. All units credited under the FEDC vest at 20% per year for each year of service. Distributions under the FEDC are made upon termination of employment, retirement or death of the participant.
Signature
Burt M. Martin, by Power of Attorney|2006-06-01