SEC Form 4 · accession 0001603923-17-000005
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Butters
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 4:32 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 3, 2017 | M | 62,831 | — | A | 452,517 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F2 | — | Jan 3, 2017 | M | 62,831 | D | — | — | Ordinary Shares | 62,831 | 0 | D |
Explanation of responses
- F1Each phantom stock unit was the economic equivalent of one of the Company's ordinary shares and the reporting person's phantom stock units were settled entirely in ordinary shares.
- F2All phantom stock units were issued under the Company's Deferred Compensation Plan for Non-Employee Directors (the "Plan") and were 100% vested at all times. Distributions of ordinary shares in an amount equal to the number of phantom stock units were made on January 3, 2017 in accordance with the terms of the Plan.