Parent James C 4
4 · Weatherford International Ltd./Switzerland · Filed Jul 2, 2012
Insider Transaction Report
Form 4
Parent James C
Vice President - Tax
Transactions
- Award
Registered Shares
2012-07-02+29,691→ 30,691 total - Award
Performance Units
2012-07-02+14,846→ 14,846 total→ Registered Shares - Award
Performance Units
2012-07-02+14,846→ 14,846 total→ Registered Shares
Footnotes (3)
- [F1]Transaction was a grant of restricted share units and therefore has no price. Units vest ratably on each of July 2, 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 (July 1 2012- December 31, 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 (July 1, 2012- December 31, 2014). The units are scheduled to vest on January 1, 2015.