MCDERMOTT INTERNATIONAL INC 4

4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 7, 2017

Form 4

Period: 2017-03-05

SVP, Gen. Counsel & Corp. Sec.

Transactions

Exercise/Conversion
Common Stock
2017-03-05+10,845→ 320,375 total
Tax Payment
Common Stock
2017-03-05$6.76/sh−4,549$30,751→ 315,826 total
Exercise/Conversion
Common Stock
2017-03-05+6,547→ 322,373 total
Tax Payment
Common Stock
2017-03-05$6.76/sh−2,746$18,563→ 319,627 total
Exercise/Conversion
Common Stock
2017-03-05+49,455→ 369,082 total
Tax Payment
Common Stock
2017-03-05$6.76/sh−20,746$140,243→ 348,336 total
Exercise/Conversion
Performance Shares
2017-03-05−10,845→ 0 total
From: 2017-03-05Exp: 2017-03-05→ Common Stock (10,845 underlying)
Exercise/Conversion
Restricted Stock Units
2017-03-05−49,455→ 49,455 total
→ Common Stock (49,455 underlying)
Exercise/Conversion
Restricted Stock Units
2017-03-05−6,547→ 0 total
→ Common Stock (6,547 underlying)

Holdings

Footnotes (6)

[F1]Based upon units held in 401K Plan and the fair market value of MDR common stock as of March 3, 2017.
[F2]Each performance share initially represented a contingent right to receive one share of MDR common stock. On March 5, 2017, the vesting date, the reporting person received one share of MDR common stock for each vested performance share.
[F3]Each restricted stock unit represents a contingent right to receive one share of MDR common stock.
[F4]On March 5, 2013, the reporting person was granted 26,188 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
[F5]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.
[F6]On March 5, 2015, the reporting person was granted 148,365 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Documents

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