SEC Form 4 · accession 0001603923-17-000130
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl Blanchard
Officer — EVP and COO
Period of report
Sep 21, 2017
Accepted (ET)
Sep 25, 2017 · 6:41 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 SharesF1 | Sep 21, 2017 | A | 507,246 | $0.00 | A | 507,246 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF2 | — | Sep 21, 2017 | A | 169,082 | A | — | — | Ordinary Shares | — | 169,082 | D |
Explanation of responses
- F1Transaction was a grant of restricted share units and therefore has no price. The units in the grant are scheduled to vest in equal increments on each of September 21, 2018, 2019 and 2020.
- F2Performance share units are scheduled to vest in equal increments on each of September 21, 2018, 2019 and 2020. Each performance share 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.