MCDERMOTT INTERNATIONAL INC 4
4 · MCDERMOTT INTERNATIONAL INC · Filed May 14, 2015
Insider Transaction Report
Form 4
Allen Stephen L
SVP - Human Resources
Transactions
- Exercise/Conversion
Common Stock
2015-05-12+12,784→ 15,361 total - Tax Payment
Common Stock
2015-05-12$4.84/sh−3,496$16,921→ 11,865 total - Exercise/Conversion
Restricted Stock Units
2015-05-12−12,784→ 25,568 total→ Common Stock (12,784 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 May 12, 2014, the reporting person was granted 38,352 restricted stock units,vesting in three equal annual installments beginning on the first anniversary of the grant date.