Hoyer Carel 4
4 · Weatherford International Ltd./Switzerland · Filed Aug 3, 2010
Insider Transaction Report
Form 4
Hoyer Carel
VP - Well Construction Svcs
Transactions
- Award
Phantom Share Units
2010-07-31+364→ 13,687 total→ Registered Shares (364 underlying)
Footnotes (2)
- [F1]The phantom stock units convert to registered 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 an amount equal to 15% of the participant's compensation. All units credited under the FEDC veste 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.