Briscoe John H 4
4 · Weatherford International Ltd./Switzerland · Filed Mar 26, 2012
Insider Transaction Report
Form 4
Briscoe John H
VP & CAO
Transactions
- Award
Performance Units
2012-03-23+33,073→ 33,073 total→ Registered Shares - Award
Performance Units
2012-03-23+33,073→ 33,073 total→ Registered Shares - Award
Registered Shares
2012-03-23+66,146→ 128,374 total
Holdings
- 71,994
Performance Units
→ Registered Shares
Footnotes (4)
- [F1]Transaction was a grant of restricted share units and therefore has no price. Units vest in equal increments on each of March 23, 2013, 2014 and 2015.
- [F2]Each performance unit represents a contingent right to receive 0 to 2.25 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 relative to a specified peer group over the performance period (fiscal years 2012-2014). The units are scheduled to vest on January 1, 2015.
- [F3]Each performance unit represents a contingent right to receive 0 to 2 shares. The conversion ratio ultimately applied to these performance units will be determined based on the absolute increase in the issuer's share price over the performance period (fiscal years 2012-2014). The units are scheduled to vest on January 1, 2015.
- [F4]Each performance unit represents a contingent right to receive 0 to 2.25 registered shares depending on relative shareholder return over the relevant performance period. Units are scheduled to vest on January 1, 2014.