FERGUSON STUART E 4
4 · WEATHERFORD INTERNATIONAL LTD · Filed Mar 3, 2009
Insider Transaction Report
Form 4
FERGUSON STUART E
SR VP Res & Prod & CTO
Transactions
- Award
Phantom Stock Units
2009-02-27+1,053→ 27,209 total→ Common Shares (1,053 underlying) - Tax Payment
Registered Shares, $1.00 par value
2009-02-27$10.67/sh−9,736$103,883→ 385,357 total
Holdings
- 14,521
Phantom Stock Units
→ Common Shares (14,521 underlying)
Footnotes (4)
- [F1]Transaction was a delivery of shares to the Issuer to satisfy the Reporting Person's withholding obligations upon vesting of restricted shares, as permitted by the award agreement and associated equity incentive plan pursuant to which the restricted shares were granted.
- [F2]The phantom stock units convert to common shares on a one-for-one basis.
- [F3]The phantom stock units were credited under the Company's Foreign Executive Deferred Compensation Stock Plan (the "FEDC"). The phantom stock units credited are based upon the Company's allocation of an amount equal to 15% of the participant's compensation. All units credited under the FEDC vest at 20% per year for each year of service. Distributions under the Plan are made upon termination of employment, retirement or death of the participant.
- [F4]All phantom stock units credited under the Company's Executive Deferred Compensation Stock Ownership Plan (the "Plan") with respect to deferrals by a participant are 100% vested at all times. All units credited under the Plan by the Company's 7.5% allocation and matching allocation vest at 20% per year for each year of service. Distributions under the Plan are made upon termination of employment, retirement or death of the participant.