Henry Joseph C. 4
4 · Weatherford International Ltd./Switzerland · Filed May 23, 2012
Insider Transaction Report
Form 4
Henry Joseph C.
VP - Legal
Transactions
- Tax Payment
Registered Shares
2012-05-22$12.90/sh−388$5,005→ 176,166 total - Exercise/Conversion
Phantom Share Units
2012-05-22−1,549→ 15,223 total→ Registered Shares (1,549 underlying) - Exercise/Conversion
Registered Shares
2012-05-22+1,549→ 176,554 total
Holdings
- 6,474(indirect: By 401(k))
Registered Shares
Footnotes (3)
- [F1]The Issuer's Executive Deferred Compensation Stock Ownership Plan (the "Plan") was terminated effective May 22, 2012, resulting in a partial distribution to the Reporting Person pursuant to the Plan (the "Distribution"). The shares were fully owned and vested for at least three years and do not represent a new acquisition. The phantom share units converted to registered shares on a one-for-one basis.
- [F2]Transaction was a withholding, pursuant to the Plan, of a portion of the shares issuable pursuant to the Distribution to satisfy the reporting person's tax withholding obligations resulting from the Distribution.
- [F3]All units are fully vested. Termination of the Plan on May 22, 2012 resulted in the Distribution. Remaining units generally will be distributed on the earlier of January 1, 2017 or separation of service by the Reporting Person.