Leys Andrew 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Aug 1, 2017
Insider Transaction Report
Form 4
Leys Andrew
VP, Human Resources
Transactions
- Tax Payment
Common Stock
2017-07-29$6.87/sh−4,049$27,817→ 22,024 total - Exercise/Conversion
Common Stock
2017-07-29+9,652→ 26,073 total - Exercise/Conversion
Restricted Stock Units
2017-07-29−9,652→ 19,304 total→ Common Stock (9,652 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 July 28, 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 on July 29, 2017.