Hoyer Carel 4
4 · Weatherford International Ltd./Switzerland · Filed Mar 2, 2011
Insider Transaction Report
Form 4
Hoyer Carel
VP - Well Construction Svcs
Transactions
- Award
Phantom Share Units
2011-02-28+2,719→ 18,216 total→ Registered Shares (2,719 underlying)
Footnotes (2)
- [F1]The phantom share units convert to registered shares on a one-for-one basis.
- [F2]The phantom share units were credited under the Company's Foreign Executive Deferred Compensation Stock Plan (the "FEDC"). The phantom share units credited are based upon the Company's allocation of an amount equal to 15% of the participant's compensation. Distributions under the FEDC are made upon termination of employment, retirement or death of the participant.