MCDERMOTT INTERNATIONAL INC 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 7, 2014
Insider Transaction Report
Form 4
Cummins Scott V
VP and GM, Asia Pacific
Transactions
- Exercise/Conversion
Common Stock
2014-03-05+2,885→ 68,069 total - Tax Payment
Common Stock
2014-03-05$7.37/sh−1,009$7,436→ 67,060 total - Exercise/Conversion
Common Stock
2014-03-05+5,952→ 73,012 total - Exercise/Conversion
Restricted Stock Units
2014-03-05−2,885→ 2,885 total→ Common Stock (2,885 underlying) - Tax Payment
Common Stock
2014-03-05$7.37/sh−2,083$15,352→ 70,929 total - Exercise/Conversion
Restricted Stock Units
2014-03-05−5,952→ 17,856 total→ Common Stock (5,952 underlying) - Award
Restricted Stock Units
2014-03-06+76,530→ 76,530 total→ Common Stock (76,530 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of MDR common stock.
- [F2]The restricted stock units vest in three equal annual installments beginning March 5, 2013.
- [F3]The restricted stock units vest in four equal annual installments beginning March 5, 2014.
- [F4]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.
- [F5]The restricted stock units vest in three equal annual installments beginning March 6, 2015.