Spence Stuart 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Jun 10, 2019
Insider Transaction Report
Form 4
Spence Stuart
EVP and CFO
Transactions
- Tax Payment
Common Stock
2019-06-06$6.85/sh−1,547$10,597→ 214,076 total - Exercise/Conversion
Common Stock
2019-06-06+3,932→ 215,623 total - Exercise/Conversion
Restricted Stock Units
2019-06-06−3,932→ 7,864 total→ Common Stock (3,932 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 June 6, 2019.