SEC Form 4 · accession 0000899243-19-003460
MRC GLOBAL INC. · MRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant R Bates
Officer — See Remarks
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 5:40 pm EST
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 | Feb 11, 2019 | A | 10,430 | $0.00 | A | 69,154 | D | |
| Common StockF2 | Feb 11, 2019 | A | 1,007 | $0.00 | A | 2,594 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 11, 2019, the reporting person received 10,430 Restricted Stock Units (the "February 2019 Annual Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of issuer's Common Stock. 34% of the February 2019 Annual Grant will vest on February 11, 2020 and 33% of the February 2019 Annual Grant will vest on each of 2/11/2021 and 2/11/2022, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
- F2On February 11, 2019, the reporting person received 1,007 Restricted Stock Units through his spouse (the "Spouse February 2019 Annual Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of issuer's Common Stock. 34% of the Spouse February 2019 Annual Grant will vest on February 11, 2020 and 33% of the Spouse February 2019 Annual Grant will vest on each of 2/11/2021 and 2/11/2022, each conditioned on the spouse's continued service with the issuer and subject to accelerated vesting under certain circumstances.
Remarks
SVP Canada, Intl. and Operational Excellence