MCDERMOTT INTERNATIONAL INC 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 10, 2015
Insider Transaction Report
Form 4
Allen Stephen L
SVP - Human Resources
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-03-06−3,826→ 7,652 total→ Common Stock (3,826 underlying) - Exercise/Conversion
Common Stock
2015-03-06+3,826→ 3,826 total - Tax Payment
Common Stock
2015-03-06$3.32/sh−1,249$4,147→ 2,577 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]On March 6, 2014, the reporting person was granted 11,478 restricted stock units,vesting in three equal annual installments beginning on the first anniversary of the grant date.