Hoyer Carel 4
4 · Weatherford International Ltd./Switzerland · Filed Apr 1, 2011
Insider Transaction Report
Form 4
Hoyer Carel
VP - Well Construction Svcs
Transactions
- Award
Phantom Share Units
2011-03-31+336→ 18,552 total→ Registered Shares (336 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 Issuer's Foreign Executive Deferred Compensation Plan. The phantom share units credited are based upon the Issuer's allocation of an amount equal to 15% of the participant's compensation. Distributions under the plan are made upon termination of employment, retirement or death of the participant.