SEC Form 4 · accession 0000899243-17-021556
MRC GLOBAL INC. · MRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L. Bowhay
Officer — SVP -SCM Valve/Technical Sales
Period of report
Sep 3, 2017
Accepted (ET)
Sep 6, 2017 · 7:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001439095
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 3, 2017 | F | 18 | $16.04 | D | 54,481 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 9/3/2013, the reporting person received 322 restricted shares (the "September 2013 Grant") of Common Stock. 20% of the September 2013 Grant vested on each of 9/3/2014, 9/3/2015, 9/3/2016, and 9/3/2017. The remaining 20% of the September 2013 Grant will vest on 9/3/2018, conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances. The reporting person surrendered these reported shares to satisfy tax withholding obligations resulting from the vesting of the afformentioned shares of the issuer's Common Stock.