SEC Form 4 · accession 0001603923-15-000088
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernard J Duroc-Danner
Officer — Chairman, Pres and CEO · Director
Period of report
Sep 22, 2015
Accepted (ET)
Sep 24, 2015 · 5:40 pm EDT
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 Shares | Sep 22, 2015 | M | 785,352 | $5.9425 | A | 2,367,559 | D | |
| Ordinary SharesF2 | Sep 22, 2015 | S | 610,482 | $9.1484 | D | 1,757,077 | D | |
| Ordinary Shares | holding | — | — | — | 180,824 | I | By limited partnership | |
| Ordinary Shares | holding | — | — | — | 22,309 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy) | $5.9425 | Sep 22, 2015 | M | 785,352 | D | Sep 26, 2005 | Sep 25, 2015 | Ordinary Shares | 785,352 | 0 | D |
Explanation of responses
- F1The stock option exercise reported in this Form 4 was effected pursuant to a pre-determined Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2015. The sale was made to cover his income tax obligations and the option exercise price.
- F2The price reported in column 4 is an average price. The shares were purchased in multiple transactions at prices ranging from $8.855 to $9.35. The Reporting Person undertakes to provide to the SEC, the Issuer or any shareholder of the Issuer, upon request, information regarding the number of shares sold at each separate price within the range set forth in this footnote.