Briscoe John H 4
4 · Weatherford International Ltd./Switzerland · Filed Mar 11, 2013
Insider Transaction Report
Form 4
Briscoe John H
VP & CAO
Transactions
- Award
Performance Units
2013-03-07+118,229→ 118,229 total→ Registered Shares - Award
Registered Shares
2013-03-07+118,229→ 242,116 total
Holdings
- 33,073
Performance Units
→ Registered Shares - 33,073
Performance Units
→ Registered Shares - 71,994
Performance Units
→ Registered Shares
Footnotes (5)
- [F1]Transaction was a grant of restricted share units and therefore has no price. Units vest in equal increments on each of March 7, 2014, 2015 and 2016.
- [F2]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 2013-2015). The units are scheduled to vest on January 1, 2016.
- [F3]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.
- [F4]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.
- [F5]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.