MCDERMOTT INTERNATIONAL INC 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 7, 2017
Insider Transaction Report
Form 4
Leys Andrew
VP, Human Resources
Transactions
- Exercise/Conversion
Common Stock
2017-03-05+8,902→ 20,116 total - Tax Payment
Common Stock
2017-03-05$6.76/sh−3,695$24,978→ 16,421 total - Exercise/Conversion
Restricted Stock Units
2017-03-05−8,902→ 8,902 total→ Common Stock (8,902 underlying)
Holdings
- 433(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 March 3, 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]On March 5, 2015, the reporting person was granted 26,706 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.