FERGUSON STUART E 4/A
4/A · WEATHERFORD INTERNATIONAL LTD · Filed Mar 2, 2010
Insider Transaction Report
Form 4/AAmended
FERGUSON STUART E
SR VP Res & Prod & CTO
Transactions
- Award
Phantom Share Units
2009-08-31+383→ 29,944 total→ Registered Shares (383 underlying)
Holdings
- 14,521
Phantom Share Units
→ Registered Shares (14,521 underlying)
Footnotes (4)
- [F1]The phantom stock units convert to registered shares on a one-for-one basis.
- [F2]Amendment is filed to correct an error in date originally reported as transaction date.
- [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.