MCDERMOTT INTERNATIONAL INC 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 9, 2015
Insider Transaction Report
Form 4
Cummins Scott V
VP and GM, Asia Pacific
Transactions
- Exercise/Conversion
Common Stock
2015-03-05+2,885→ 73,814 total - Tax Payment
Common Stock
2015-03-05$3.37/sh−1,009$3,400→ 72,805 total - Exercise/Conversion
Common Stock
2015-03-05+5,952→ 109,710 total - Exercise/Conversion
Common Stock
2015-03-05+47,619→ 120,424 total - Exercise/Conversion
Restricted Stock Units
2015-03-05−5,952→ 11,904 total→ Common Stock (5,952 underlying) - Tax Payment
Common Stock
2015-03-05$3.37/sh−16,666$56,164→ 103,758 total - Tax Payment
Common Stock
2015-03-05$3.37/sh−2,083$7,020→ 107,627 total - Exercise/Conversion
Restricted Stock Units
2015-03-05−2,885→ 0 total→ Common Stock (2,885 underlying) - Exercise/Conversion
Restricted Stock Units
2015-03-05−47,619→ 0 total→ Common Stock (47,619 underlying) - Award
Restricted Stock Units
2015-03-05+118,692→ 118,692 total→ Common Stock (118,692 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of MDR common stock.
- [F2]On March 5, 2012, the reporting person was granted 8,655 restricted stock units, vesting in three equal annual insallments beginning on the first anniversary of the grant date.
- [F3]On March 5, 2013, the reporting person was granted 47,619 restricted stock units, vesting 100% on the second anniversary of the grant date.
- [F4]On March 5, 2013, the reporting person was granted 23,808 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- [F5]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.
- [F6]On March 5, 2015, the reporting person was granted 118,692 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.