Gunnion Neil 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 5, 2019
Insider Transaction Report
Form 4
Gunnion Neil
SVP, Proj. Exec. & Delivery
Transactions
- Exercise/Conversion
Common Stock
2019-03-01+3,069→ 5,142 total - Tax Payment
Common Stock
2019-03-01$9.11/sh−1,370$12,481→ 3,772 total - Exercise/Conversion
Restricted Stock Units
2019-03-01−3,069→ 6,139 total→ Common Stock (3,069 underlying)
Footnotes (2)
- [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 were granted to the reporting person on March 1, 2018 and vest in three equal annual installments beginning on the first anniversary of the grant date.