X0201 42003-12-31 0001170565 WEATHERFORD INTERNATIONAL LTD WFT 0000904293 LUBAR SHELDON B 700 NORTH WATER ST., #1200 MILWAUKEE WI 53202 1000Phantom Stock Units2003-12-314A04036.25ACommon Shares402237DPhantom Stock Units2003-12-314A0810ACommon Shares812317DThe phantom stock units convert to common shares on a one-for-one basis.All phantom stock units credited under the Company's Deferred Compensation Plan for Non-Employee Directors (the "Plan") are 100% vested at all times. Distributions under the Plan are made beginning on a specified date selected by the participant or upon a participant's death or termination of service as a director. Burt M. Martin, by power of attorney2004-01-05