Hoyer Carel 4
4 · Weatherford International Ltd./Switzerland · Filed Feb 17, 2011
Insider Transaction Report
Form 4
Hoyer Carel
VP - Well Construction Svcs
Transactions
- Award
Performance Units
2011-02-15+35,870→ 35,870 total→ Registered Shares - Award
Registered Shares
2011-02-15+35,870→ 202,870 total
Holdings
- 68,708
Performance Units
→ Registered Shares
Footnotes (3)
- [F1]Transaction was a grant of restricted share units and therefore has no price. Units vest in equal installments on each of February 15, 2012, 2013 and 2014.
- [F2]Each performance unit represents a contingent right to receive 0 to 2.25 registered shares. The conversion ratio (0, .5, 1.25 or 2.25) ultimately applied to these performance untis will be determined based on the company acheiving a total shareholder return over the performance period relative to a specified peer group. The units are scheduled to vest on December 31, 2013 based on relative shareholder return for fiscal years 2011-2013.
- [F3]Each performance unit represents a contingent right to receive 0 to 2 registered shares, depending on total shareholder return over the relevant perfomance period. Units are scheduled to vest on January 3, 2012 and 2013.