COLLEY M DAVID 4/A
4/A · WEATHERFORD INTERNATIONAL LTD · Filed Mar 24, 2009
Insider Transaction Report
Form 4/AAmended
COLLEY M DAVID
VP Manufact & Procurement
Transactions
- Award
Phantom Stock Units
2008-12-31$10.05/sh+215$2,161→ 58,884 total→ Common Shares (215 underlying) - Award
Phantom Stock Units
2008-12-31+431→ 59,315 total→ Common Shares (431 underlying)
Footnotes (3)
- [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.
- [F3]Amendment is being filed to correct an error in the number of shares previously reported as beneficially owned following the reported transaction.