MCDERMOTT INTERNATIONAL INC 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Feb 28, 2017
Insider Transaction Report
Form 4
Leys Andrew
VP, Human Resources
Transactions
- Exercise/Conversion
Common Stock
2017-02-26+9,891→ 15,887 total - Tax Payment
Common Stock
2017-02-26$7.49/sh−4,673$35,001→ 11,214 total - Exercise/Conversion
Restricted Stock Units
2017-02-26−9,891→ 19,782 total→ Common Stock (9,891 underlying)
Holdings
- 391(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Based upon units held in 401K Plan and the fair market value of Common Stock as of February 24, 2017.
- [F2]Each restricted stock unit represents a contingent right to receive the value of one share of MDR common stock, with such restricted stock units to be paid, in the sole discretion of the Compensation Committee: (i) in shares of MDR common stock, (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof.
- [F3]The restricted stock units vest in three equal annual installments beginning February 26, 2017.