FERGUSON STUART E 4/A
4/A · Weatherford International Ltd./Switzerland · Filed Apr 2, 2009
Insider Transaction Report
Form 4/AAmended
FERGUSON STUART E
SR VP Res & Prod & CTO
Transactions
- Award
Phantom Stock Units
2009-03-31+663→ 27,873 total→ Common Shares (663 underlying)
Holdings
- 14,521
Phantom Stock Units
→ Common Shares (14,521 underlying)
Footnotes (4)
- [F1]The phantom stock units convert to common shares on a one-for-one basis.
- [F2]Amendment is being filed to correct an error in the footnotes to the original report.
- [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 veste 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.