SEC Form 4 · accession 0001603923-18-000111
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Macaulay
Director
Period of report
Aug 24, 2018
Accepted (ET)
Aug 28, 2018 · 5:19 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 SharesF2 | Aug 24, 2018 | S | 731,815 | $2.8612 | D | 399,443 | D | |
| Ordinary Shares | Aug 24, 2018 | S | 26,472 | $2.875 | D | 0 | I | By spouse |
| Ordinary Shares | Aug 24, 2018 | S | 9,304 | $2.875 | D | 0 | I | By children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were sold for tax planning purposes.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.83 to $2.89, inclusive. The reporting person undertakes to provide Weatherford International plc, any security holder of Weatherford International plc or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Shares held by the Linda R. Macaulay Revocable Trust. The reporting person's spouse is the beneficiary of that trust and the reporting person has no voting or investment control.
- F4Shares held by the Anne R. Macaulay 2016 Trust and the Elizabeth Macaulay Lewis 2016 Trust, respectively. The reporting person's children are the beneficiaries of those trusts and the reporting person has no voting or investment control. No further beneficial ownership of trust shares beneficially owned following 8/24/18 transaction reflects the prior distribution of 6,200 shares in November 2016 from such trusts to the reporting person's children who were, at the time of such distributions, living outside the reporting person's household.