Briscoe John H 4
4 · Weatherford International Ltd./Switzerland · Filed Sep 16, 2011
Insider Transaction Report
Form 4
Briscoe John H
VP & CAO
Transactions
- Award
Performance Units
2011-09-14+71,994→ 71,994 total→ Registered Shares - Award
Registered Shares
2011-09-14+62,228→ 62,228 total
Footnotes (2)
- [F1]Transaction was a grant of restricted share units and therefore has no price. Units vest ratably on each of September 14, 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 units 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 January 1, 2014 based on relative shareholder return for the period from July 1, 2011 to December 31, 2013.