MRC GLOBAL INC. 4
4 · MRC GLOBAL INC. · Filed Feb 22, 2016
Insider Transaction Report
Form 4
Hutchinson Scott Alan
EVP - North America Operations
Transactions
- Tax Payment
Common Stock
2016-02-18$9.41/sh−319$3,002→ 61,056 total - Award
Common Stock
2016-02-18+24,387→ 61,375 total
Footnotes (2)
- [F1]On 2/18/2016, the reporting person received 24,387 Restricted Stock Units (the "February 2016 Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of issuer's Common Stock. 34% of the February 2016 Grant will vest on 2/18/2017 and 33% of the February 2016 Grant will vest on each of 2/18/2018 and 2/18/2019, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
- [F2]The reporting person surrendered these shares on February 18, 2015 to satisfy tax withholding obligations resulting from the vesting of certain shares of the issuer's Common Stock.