Leys Andrew 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 2, 2018
Insider Transaction Report
Form 4
Leys Andrew
VP, Human Resources
Transactions
- Tax Payment
Common Stock
2018-02-28$7.30/sh−3,483$25,426→ 33,072 total - Exercise/Conversion
Restricted Stock Units
2018-02-28−9,056→ 18,115 total→ Common Stock (9,056 underlying) - Exercise/Conversion
Common Stock
2018-02-28+9,056→ 36,555 total
Holdings
- 408(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 28, 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 28, 2018.