4//SEC Filing
Austin Linh 4
Accession 0001127602-19-008933
CIK 0000708819other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 4:30 PM ET
Size
14.3 KB
Accession
0001127602-19-008933
Insider Transaction Report
Form 4
Austin Linh
Vice President, Middle East
Transactions
- Tax Payment
Common Stock
2019-02-26$8.61/sh−2,307$19,863→ 58,931 total - Tax Payment
Common Stock
2019-02-26$8.61/sh−6,924$59,616→ 71,790 total - Exercise/Conversion
Restricted Stock Units
2019-02-26−19,783→ 0 total→ Common Stock (19,783 underlying) - Exercise/Conversion
Common Stock
2019-02-26+6,594→ 61,238 total - Exercise/Conversion
Common Stock
2019-02-26+19,783→ 78,714 total - Exercise/Conversion
Restricted Stock Units
2019-02-26−6,594→ 0 total→ Common Stock (6,594 underlying)
Footnotes (4)
- [F1]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.
- [F2]The restricted stock units vest in three equal annual installments beginning on February 26, 2017.
- [F3]The restricted stock units were originally granted to the reporting person as performance units on February 26, 2016. On March 1, 2018, the Compensation Committee approved an amendment to the February 26, 2016 form of Performance Unit Award Agreement to provide that 100% of the initial performance units granted would be converted into time-vested restricted stock units vesting on the third anniversary of the original grant date, effective upon the closing of the Company's combination with Chicago Bridge & Iron Company, N.V., which occured May 10, 2018. 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 stock (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof.
- [F4]The restricted stock units will vest 100% on the third anniversary of the original grant date.
Documents
Issuer
MCDERMOTT INTERNATIONAL INC
CIK 0000708819
Entity typeother
Related Parties
1- filerCIK 0001663154
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 4:30 PM ET
- Size
- 14.3 KB