0001603923-19-000108.txt : 20191217 0001603923-19-000108.hdr.sgml : 20191217 20191217183753 ACCESSION NUMBER: 0001603923-19-000108 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191213 FILED AS OF DATE: 20191217 DATE AS OF CHANGE: 20191217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MCCOLLUM MARK A CENTRAL INDEX KEY: 0001215888 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36504 FILM NUMBER: 191290886 MAIL ADDRESS: STREET 1: 3000 NORTH SAM HOUSTON PARKWAY E. CITY: HOUSTON STATE: TX ZIP: 77002 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Weatherford International plc CENTRAL INDEX KEY: 0001603923 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 980606750 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 70 SIR JOHN ROGERSON'S QUAY CITY: DUBLIN STATE: L2 ZIP: 2 BUSINESS PHONE: 41.22.816.1500 MAIL ADDRESS: STREET 1: WESTSTRASSE 1 CITY: BAAR STATE: V8 ZIP: 6340 FORMER COMPANY: FORMER CONFORMED NAME: Weatherford International Ltd DATE OF NAME CHANGE: 20140328 4 1 wf-form4_157662585612898.xml FORM 4 X0306 4 2019-12-13 0 0001603923 Weatherford International plc NONE 0001215888 MCCOLLUM MARK A 2000 SAINT JAMES PLACE, 12TH FLOOR HOUSTON TX 77056 1 1 0 0 President and CEO Ordinary Shares 2019-12-13 4 F 0 401718 0.0156 D 1263897 D Ordinary Shares 2019-12-13 4 A 0 2057174 0.0156 A 3321071 D Ordinary Shares 2019-12-13 4 F 0 809498 0.0156 D 2511573 D Ordinary Shares 2019-12-13 4 D 0 2511573 0 D 0 D Ordinary Shares 2019-12-13 4 A 0 1741 0 A 1741 D Warrants (right to buy) 99.96 2019-12-13 4 A 0 19350 A 2019-12-13 2023-12-13 Ordinary Shares 19350.0 19350 D On July 1, 2019, Weatherford International plc (the "Issuer"), Weatherford International Ltd., and Weatherford International, LLC (collectively, the "Company") commenced voluntary cases under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") under the caption In re Weatherford International plc, et al. seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code. On September 9, 2019, the Company filed with the Bankruptcy Court the proposed Second Amended Joint Prepackaged Plan of Reorganization of Weatherford International plc and its Affiliate Debtors, dated September 9, 2019 (the "Plan"). On September 11, 2019, the Bankruptcy Court entered an order, Docket No. 343, confirming and approving the Plan. On December 13, 2019 (the "Effective Date"), the Plan became effective pursuant to its terms and the Company emerged from bankruptcy. Pursuant to the terms of the respective award agreements, immediately prior to the Effective Date, all outstanding restricted stock units vested. Transaction 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 agreements and associated equity incentive plan under which the awards were granted. Pursuant to the terms of the respective award agreements, immediately prior to the Effective Time, all outstanding performance share units previously granted vested at a multiple of two times the number of units granted. Includes awards granted on April 24, 2017 and January 31, 2018. Transaction was a withholding of a portion of vested performance share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreements and associated equity incentive plan under which the awards were granted. On the Effective Date, all of the Issuer's outstanding ordinary shares were cancelled and extinguished pursuant to the Plan. New shares of the Issuer's ordinary shares, par value $.001 per share (the "New Ordinary Shares") were issued to the Reporting Person on the Effective Date pursuant to the Plan. The receipt of the New Ordinary Shares by the Reporting Person was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court. Warrants to purchase New Ordinary Shares (the "Warrants") were issued to the Reporting Person on the Effective Date pursuant to the Plan. The Warrants may be exercised at any time prior to their expiration. The receipt of the Warrants by the Reporting Person was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court. Christine M. Morrison by Power of Attorney 2019-12-15