X0101 42003-06-30 0001170565 WEATHERFORD INTERNATIONAL LTD WFT 0001188790 BURGUIERES PHILIP 1100Chairman EmeritusPhantom Stock Units02003-06-304A01643.87A1988-08-081988-08-08Common Shares163381DPhantom Stock Units02003-06-304A0320A1988-08-081988-08-08Common Shares323412DThe phantom stock units convert to common shares on a one-for-one basis.All phantom stock units credited under the Company's Executive Deferred Compensation Stock Ownership Plan (the "Plan") with respect to deferrals by a participant are 100% vested at all times. All units credited under the Plan with respect to the Company's 7.5% allocation and matching allocation vest at 20% per year for each year of service after January 1, 1993. Distributions under the Plan are made upon termination of employment, retirement or death of the participant. Burt M. Martin, by power of attorney2003-07-01