4//SEC Filing
Munro Scott 4
Accession 0001127602-19-008936
CIK 0000708819other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 4:35 PM ET
Size
14.3 KB
Accession
0001127602-19-008936
Insider Transaction Report
Form 4
Munro Scott
VP - Americas, Europe & Africa
Transactions
- Exercise/Conversion
Common Stock
2019-02-26+6,594→ 37,363 total - Tax Payment
Common Stock
2019-02-26$8.61/sh−2,594$22,334→ 34,769 total - Exercise/Conversion
Common Stock
2019-02-26+19,783→ 54,552 total - Tax Payment
Common Stock
2019-02-26$8.61/sh−8,108$69,810→ 46,444 total - Exercise/Conversion
Restricted Stock Units
2019-02-26−6,594→ 0 total→ Common Stock (6,594 underlying) - Exercise/Conversion
Restricted Stock Units
2019-02-26−19,783→ 0 total→ Common Stock (19,783 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 0001605036
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 4:35 PM ET
- Size
- 14.3 KB