SEC Form 4 · accession 0001603923-17-000034
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christina M Ibrahim
Officer — EVP, GC & Secretary
Period of report
Jan 24, 2017
Accepted (ET)
Jan 26, 2017 · 4:43 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 24, 2017 | A | 189,393 | — | A | 426,233 | 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 24, 2017 | A | 189,393 | A | — | — | Ordinary Shares | 189,393 | 189,393 | 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 24, 2018, 2019 and 2020.
- F2Performance units are scheduled to vest in equal increments on each of January 24, 2018, 2019 and 2020. Each performance unit represents a contingent right to receive 0 to 2 shares, based on the achievement of specified increases in share price at the end of each of the 2017-2019 performance periods.