================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (Date of earliest event reported): JULY 3, 2003 WEATHERFORD INTERNATIONAL LTD. (Exact name of registrant as specified in charter) BERMUDA 1-31339 98-0371344 (State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 515 POST OAK BLVD., SUITE 600, HOUSTON, TEXAS 77027-3415 (Address of Principal Executive Offices) (Zip Code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 693-4000 ================================================================================ PAGE 1 ITEM 5. OTHER EVENTS On July 3, 2003, Weatherford International Ltd. announced by press release that it has closed its previously announced sale of 10,000,000 common shares and called for redemption all of the outstanding Weatherford International, Inc. 5% Convertible Subordinated Preferred Equivalent Debentures. The redemption date for the Debentures is August 4, 2003. A copy of the press release announcing the closing and redemption call is filed as Exhibit 99.1 to this Current Report. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial statements of business acquired. Not applicable. (b) Pro forma financial information Not applicable. (c) Exhibits 99.1 Press release dated July 3, 2003 announcing closing of equity sale and call of convertible debentures. PAGE 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WEATHERFORD INTERNATIONAL LTD. Dated: July 3, 2003 /s/ Burt M. Martin -------------------------------- Burt M. Martin Senior Vice President, General Counsel and Secretary PAGE 3 INDEX TO EXHIBITS EXHIBIT NUMBER DESCRIPTION ------- ----------- 99.1 Press Release dated July 3, 2003 announcing closing of equity sale and call of convertible debentures