Kennefick Jonathan 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Feb 28, 2018
Insider Transaction Report
Form 4
Kennefick Jonathan
SVP Proj. Execution & Delivery
Transactions
- Exercise/Conversion
Common Stock
2018-02-26+19,782→ 94,960 total - Tax Payment
Common Stock
2018-02-26$7.62/sh−5,197$39,601→ 89,763 total - Exercise/Conversion
Restricted Stock Units
2018-02-26−19,782→ 19,782 total→ Common Stock (19,782 underlying)
Holdings
- 875(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 26, 2018.
- [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.