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4//SEC Filing

Kennefick Jonathan 4

Accession 0001127602-18-010580

CIK 0000708819other
View on SEC.govCompany Profile

Filed

Mar 6, 7:00 PM ET

Accepted

Mar 7, 4:43 PM ET

Size

14.8 KB

Accession

0001127602-18-010580

Insider Transaction Report

Form 4
Period: 2018-03-05
MCDERMOTT INTERNATIONAL INCMDR
Kennefick Jonathan
SVP Proj. Execution & Delivery
Transactions
  • Exercise/Conversion

    Common Stock

    2018-03-05+14,836→ 107,345 total
  • Tax Payment

    Common Stock

    2018-03-05$7.51/sh−3,612$27,126→ 103,733 total
  • Exercise/Conversion

    Common Stock

    2018-03-05+44,386→ 148,119 total
  • Disposition to Issuer

    Common Stock

    2018-03-05$7.51/sh−44,386$333,339→ 103,733 total
  • Exercise/Conversion

    Restricted Stock Units

    2018-03-05−14,836→ 0 total
    → Common Stock (14,836 underlying)
  • Exercise/Conversion

    Performance Units

    2018-03-05−44,386→ 0 total
    From: 2018-03-05Exp: 2018-03-05→ Common Stock (44,386 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    860
Footnotes (5)
  • [F1]This disposition to the issuer reflects the settlement of 100% of the performance units in cash, as determined in the sole discretion of the Compensation Committee.
  • [F2]Based upon units held in 401K Plan and the fair market value of Common Stock as of March 5, 2018.
  • [F3]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.
  • [F4]On March 5, 2015, the reporting person was granted 44,508 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
  • [F5]Each performance unit vested on March 5, 2018, and was to be paid in the sole discretion of the Compensation Committee: (i) in shares of MDR 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 100% of the performance units in cash.

Documents

1 file

Issuer

MCDERMOTT INTERNATIONAL INC

CIK 0000708819

→
Entity typeother

Related Parties

1
  • filerCIK 0001659040

Filing Metadata

Form type
4
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 4:43 PM ET
Size
14.8 KB
View on SEC.gov