Spence Stuart 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 5, 2019
Insider Transaction Report
Form 4
Spence Stuart
EVP and CFO
Transactions
- Exercise/Conversion
Common Stock
2019-03-01+11,510→ 216,220 total - Tax Payment
Common Stock
2019-03-01$9.11/sh−4,529$41,259→ 211,691 total - Exercise/Conversion
Restricted Stock Units
2019-03-01−11,510→ 23,020 total→ Common Stock (11,510 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 vest in three equal annual installments beginning March 1, 2019.