MARTIN BURT M 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Jan 5, 2009
Insider Transaction Report
Form 4
MARTIN BURT M
Sr VP, General Counsel & Sec
Transactions
- Award
Phantom Stock Units
2008-12-31+660→ 86,004 total→ Common Shares (660 underlying) - Award
Phantom Stock Units
2008-12-31$10.05/sh+330$3,317→ 85,344 total→ Common Shares (330 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 by 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.