Hoyer Carel 4
4 · Weatherford International Ltd./Switzerland · Filed Jan 4, 2011
Insider Transaction Report
Form 4
Hoyer Carel
Sr VP Well Constr & Res Eval
Transactions
- Award
Phantom Share Units
[F1][F2]2010-12-31+256→ 15,252 total→ Registered Shares (256 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.
Signature
Joseph C. Henry, by Power of Attorney|2011-01-04