Weatherford International plc 4
4 · Weatherford International plc · Filed Jan 5, 2017
Insider Transaction Report
Form 4
BUTTERS DAVID J
Director
Transactions
- Exercise/Conversion
Ordinary Shares
2017-01-03+62,831→ 452,517 total - Exercise/Conversion
Phantom Stock Units
2017-01-03−62,831→ 0 total→ Ordinary Shares (62,831 underlying)
Footnotes (2)
- [F1]Each phantom stock unit was the economic equivalent of one of the Company's ordinary shares and the reporting person's phantom stock units were settled entirely in ordinary shares.
- [F2]All phantom stock units were issued under the Company's Deferred Compensation Plan for Non-Employee Directors (the "Plan") and were 100% vested at all times. Distributions of ordinary shares in an amount equal to the number of phantom stock units were made on January 3, 2017 in accordance with the terms of the Plan.