SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Timmins Paul

(Last)

(First)

(Middle)

2000 ST. JAMES PLACE

(Street)

HOUSTON

77056

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/08/2013

3. Issuer Name and Ticker or Trading Symbol
Weatherford International Ltd./Switzerland [ WFT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP Formation Evaluation

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Registered Shares	262,661⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Share Units	⁽²⁾	⁽²⁾	Registered Shares	3,614	⁽³⁾	D
Performance Share Units	⁽⁴⁾	⁽⁴⁾	Registered Shares	⁽⁴⁾	⁽⁴⁾	D

Explanation of Responses:

1. Includes 56,244 restricted share units that vest as follows: an aggregate of 4,000 that vest ratably on each of February 2, 2014 and 2015; an aggregate of 20,000 that vest ratably on each of June 7, 2014 and 2016; and an aggregate of 32,244 that vest ratably on each of March 7, 2014, 2015 and 2016; and 85,000 restricted shares that vest as follows: an aggregate of 10,000 that vest ratably on each of November 7, 2013, 2014 and 2015; and an aggregate of 75,000 that vest ratably on each of February 12, 2014, 2015 and 2016.

2. The phantom share units were credited under the Issuer's Executive Deferred Compensation Stock Ownership Plan. All units are fully vested. Distributions under the plan are made upon termination of employment, retirement or death of the participant, or not later than January 1, 2017.

3. The phantom share units convert to registered shares on a one-for-one basis.

4. The Reporting Person holds 32,244 performance share units. Each performance unit represents a contingent right to receive 0 to 2 shares. The conversion ratio ultimately applied to these performance units will be determined based on the absolute increase in the issuer's share price over the performance period (fiscal years 2013-2015). The units are scheduled to vest on January 1, 2016.

Remarks:

	Danette H. Twining, by Power of Attorney	03/11/2013
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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