4//SEC Filing
MCDERMOTT INTERNATIONAL INC 4
Accession 0001127602-17-010900
CIK 0000708819operating
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 5:44 PM ET
Size
16.5 KB
Accession
0001127602-17-010900
Insider Transaction Report
Form 4
Kennefick Jonathan
SVP Proj. Execution & Delivery
Transactions
- Exercise/Conversion
Common Stock
2017-03-06+6,802→ 79,200 total - Disposition to Issuer
Common Stock
2017-03-06$6.86/sh−6,802$46,662→ 72,398 total - Exercise/Conversion
Common Stock
2017-03-06+7,653→ 80,051 total - Disposition to Issuer
Common Stock
2017-03-06$6.86/sh−3,826$26,246→ 76,225 total - Exercise/Conversion
Restricted Stock Units
2017-03-06−6,802→ 0 total→ Common Stock (6,802 underlying) - Exercise/Conversion
Performance Shares
2017-03-06−7,653→ 0 totalFrom: 2017-03-06Exp: 2017-03-06→ Common Stock (7,653 underlying) - Tax Payment
Common Stock
2017-03-06$6.86/sh−1,047$7,182→ 75,178 total
Holdings
- 957(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]This disposition to the issuer reflects the settlement of 100% of the restricted stock units in cash, as determined in the sole discretion of the Compensation Committee.
- [F2]This disposition to the issuer reflects the settlement of one-half of the performance shares in cash, as determined in the sole discretion of the Compensation Committee.
- [F3]Based upon units held in 401K Plan and the fair market value of Common Stock as of March 6, 2017.
- [F4]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.
- [F5]On March 6, 2014, the reporting person was granted 20,406 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- [F6]Each performance share vested on March 6, 2017, and was 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. The Compensation Committee, in its sole discretion, determined to settle half of the performance shares in shares and half in cash.
Documents
Issuer
MCDERMOTT INTERNATIONAL INC
CIK 0000708819
Entity typeoperating
IncorporatedPanama
Related Parties
1- filerCIK 0000708819
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 5:44 PM ET
- Size
- 16.5 KB