SEC Form 4 · accession 0000899243-18-011499
MRC GLOBAL INC. · MRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew R Lane
Officer — President & CEO · Director
Period of report
May 3, 2018
Accepted (ET)
May 4, 2018 · 4:05 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 Stock | May 3, 2018 | M | 293,155 | $18.10 | A | 1,104,491 | I | Through a Limited Partnership |
| Common StockF1,F2 | May 3, 2018 | S | 293,155 | $19.50 | D | 811,336 | I | Through a Limited Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $18.10 | May 3, 2018 | M | 293,155 | D | — | Sep 10, 2018 | Common Stock | 293,155 | 0 | I |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2017 for the purpose of addressing options that would expire in 2018.
- F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.50 to $19.77 per share, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The options vested in equal parts on September 10, 2010, 2011, 2012, and 2013.