Becnel Andrew P 4
4 · Weatherford International Ltd./Switzerland · Filed Feb 17, 2011
Insider Transaction Report
Form 4
Becnel Andrew P
Sr VP & CFO
Transactions
- Award
Registered Shares
[F1]2011-02-15+50,906→ 522,130 total - Award
Performance Units
[F2]2011-02-15+50,906→ 50,906 total→ Registered Shares
Holdings
- 98,154
Performance Units
[F3]→ 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 achieving 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.
Signature
Joseph C. Henry, by Power of Attorney|2011-02-17