the hammertime proc doesn't appear because its melee range... all the hammers hit immediately. that sword is also pretty bad. missing a ton of max damage. roll for a better one. ed and proc is decent, rest is bad.
@eadan the 20% bonus per level comes from base points (hard points i.e.. you have 5/7 points actually in the skill vs putting 1 point in and having +4 all skills or something). soft points still give a little bit of damage, sure, but the big boost comes from investing hard points in to scale up the dmg quickly and then the soft points add a bit on top.