Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hudgins James M
2. Date of Event Requiring Statement (Month/Day/Year)
02/06/2009
3. Issuer Name and Ticker or Trading Symbol
Weatherford International Ltd./Switzerland [WFT]
(Last)
(First)
(Middle)
515 POST OAK BVLD, STE. 600
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President - Tax
5. If Amendment, Date Original Filed(Month/Day/Year)
02/12/2009
(Street)

HOUSTON, TX 77027
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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, $1.00 par value 112,514 (1) (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Share Units   (3)   (3) Common Shares 49,302 $ (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hudgins James M
515 POST OAK BVLD, STE. 600
HOUSTON, TX 77027
      Vice President - Tax  

Signatures

Burt M. Martin, by Power of Attorney 04/03/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes 83,000 restricted shares that vest as follows: 24,000 shares on Decebmer 14, 2009; 6,000 shares on each of January 4, 2010, 2011, 2012 and 2013; and 35,000 shares that vest in three equal increments on each of February 5, 2010, 2011 and 2012.
(2) Amendment is filed to correct an error in total number of shares beneficially owned.
(3) 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 by the Company's 7.5% allocation and matching allocation vest at 20% per year for each year of service. Distributions under the Plan are made upon termination of employment, retirement or death of the participant.
(4) The phantom stock units convert to registered shares on a one-for-one basis.

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