SEC Form 4 · accession 0001603923-15-000014
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lance R Marklinger
Officer — President - Eastern Hemisphere
Period of report
Jan 27, 2015
Accepted (ET)
Jan 29, 2015 · 6:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001603923
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Jan 27, 2015 | A | 62,444 | — | A | 234,189 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF2 | — | Jan 27, 2015 | A | 84,746 | A | — | — | Ordinary Shares | — | 84,746 | D |
Explanation of responses
- F1Transaction was a grant of restricted share units and therefore has no price. Units are scheduled to vest in equal increments on each of January 27, 2016, 2017 and 2018.
- F2Each performance unit represents a contingent right to receive 0 to 2 shares. Units are scheduled to vest in equal increments on each of January 27, 2016, 2017 and 2018. The conversion ratio applied to these performance units will be determined based on the increase in the issuer's share price at the end of each year of the performance period (fiscal years 2015-2017).