WEATHERFORD INTERNATIONAL LTD 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Oct 1, 2007
Insider Transaction Report
Form 4
MARTIN BURT M
Sr VP, General Counsel & Sec
Transactions
- Award
Phantom Stock Units
2007-09-28+88→ 38,787 total→ Common Shares (88 underlying) - Award
Phantom Stock Units
2007-09-28$65.19/sh+44$2,868→ 38,699 total→ Common Shares (44 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.