SEC Form 4 · accession 0000899243-19-003799
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
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 9:15 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 12, 2019 | A | 129,974 | $0.00 | A | 688,884 | I | Through a Limited Partnership |
| Common StockF2 | Feb 13, 2019 | F | 9,444 | $16.36 | D | 679,440 | I | Through a Limited Partnership |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 12, 2019, the reporting person received 129,974 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 12, 2020 and 33% of the February 2019 Annual Grant will vest on each of 2/12/2021 and 2/12/2022, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
- F2The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock Units of the issuer.