4//SEC Filing
MCDERMOTT INTERNATIONAL INC 4
Accession 0001349093-15-000010
CIK 0000708819operating
Filed
Mar 8, 8:00 PM ET
Accepted
Mar 9, 4:57 PM ET
Size
21.6 KB
Accession
0001349093-15-000010
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.
Documents
Issuer
MCDERMOTT INTERNATIONAL INC
CIK 0000708819
Entity typeoperating
IncorporatedPanama
Related Parties
1- filerCIK 0000708819
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 8:00 PM ET
- Accepted
- Mar 9, 4:57 PM ET
- Size
- 21.6 KB