Krummel Christopher A 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Nov 12, 2019
Insider Transaction Report
Form 4
Krummel Christopher A
VP, Finance and Chief Acct Off
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-11-09−1,060→ 0 total→ Common Stock (1,060 underlying) - Tax Payment
Common Stock
2019-11-09$0.97/sh−258$249→ 6,159 total - Exercise/Conversion
Common Stock
2019-11-09+1,060→ 6,417 total
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 on November 9, 2017.