McCarthy Daniel M. 4
4 · MCDERMOTT INTERNATIONAL INC · Filed May 14, 2018
Insider Transaction Report
Form 4
McCarthy Daniel M.
EVP, Lummus Technology
Transactions
- Award
Common Stock
2018-05-10+74,137→ 74,137 total - Award
Common Stock
2018-05-10+44→ 44 total(indirect: By 401(k)) - Award
Restricted Stock Units
2018-05-10+99,103→ 99,103 total→ Common Stock (99,103 underlying) - Award
Stock Options (Right to Buy)
2018-05-10+26,634→ 26,634 totalExercise: $8.19From: 2010-02-20Exp: 2019-02-20→ Common Stock (26,634 underlying)
Footnotes (4)
- [F1]Pursuant to the Business Combination Agreement, dated as of December 18, 2017 (the "BCA") to which the Issuer and Chicago Bridge & Iron Company N.V. ("CB&I") are parties, each ordinary share of CB&I beneficially owned by the Reporting Person at the effective time of the transactions contemplated by the BCA was exchanged for .82407 ordinary shares of the Issuer (the Exchange Ratio).
- [F2]The restricted units were granted to the reporting person on February 14, 2018 by CB&I. Each restricted stock unit represents a right to receive the value of one share of MDR common stock. Pursuant to the BCA, each restricted stock unit beneficially owned by the Reporting Person at the effective time of the transactions contemplated by the BCA was exchanged for .82407 restricted stock units of the Issuer (the Exchange Ratio).
- [F3]The restricted stock units vest in three equal annual installments beginning February 14, 2019.
- [F4]The stock options were originally options to purchase CB&I stock. Pursuant to the BCA, each stock option beneficially owned by the Reporting Person at the effective time of the transactions contemplated by the BCA was exchanged for .82407 stock options of the Issuer (the Exchange Ratio).