MCDERMOTT INTERNATIONAL INC 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 10, 2015
Insider Transaction Report
Form 4
Cummins Scott V
VP and GM, Asia Pacific
Transactions
- Tax Payment
Common Stock
2015-03-06$3.32/sh−8,928$29,641→ 124,209 total - Exercise/Conversion
Common Stock
2015-03-06+25,510→ 133,137 total - Exercise/Conversion
Restricted Stock Units
2015-03-06−25,510→ 51,020 total→ Common Stock (25,510 underlying)
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 76,530 restriced stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.