SEC Form 4 · accession 0001641402-16-000007
Weatherford International plc · WFRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernard J Duroc-Danner
Officer — Chairman, Pres and CEO · Director
Period of report
Jan 18, 2016
Accepted (ET)
Jan 20, 2016 · 7:11 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 18, 2016 | A | 646,204 | — | A | 2,412,011 | 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 18, 2016 | A | 646,204 | A | — | — | Ordinary Shares | — | 646,204 | 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 18, 2017, 2018 and 2019.
- F2Performance units are scheduled to vest in equal increments on each of January 18, 2017, 2018 and 2019. 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 to 2019 performance periods.