SEC Form 4 · accession 0001603923-17-000039
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mario Ruscev
Officer — EVP, Pres.-Product Lines & CTO
Period of report
Nov 6, 2016
Accepted (ET)
Jan 26, 2017 · 4:44 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 Shares | Nov 6, 2016 | F | 49,121 | $3.85 | D | 489,679 | D | |
| Ordinary SharesF2 | Jan 24, 2017 | A | 340,909 | — | A | 830,588 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF3 | — | Jan 24, 2017 | A | 340,909 | A | — | — | Ordinary Shares | — | 340,909 | D |
Explanation of responses
- F1Transaction was a withholding of a portion of vested restricted share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreement and associated equity incentive plan under which the award was granted.
- F2Transaction 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.
- F3Performance 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.