SEC Form 4 · accession 0001127602-16-042745
MRC GLOBAL INC. · MRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L. Bowhay
Officer — SVP-Valves, Fittings, Flanges
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 5:45 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 18, 2016 | A | 20,964 | $0.00 | A | 34,970 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 2/18/2016, the reporting person received 20,964 Restricted Stock Units (the "February 2016 Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of issuer's Common Stock. 34% of the February 2016 Grant will vest on 2/18/2017 and 33% of the February 2016 Grant will vest on each of 2/18/2018 and 2/18/2019, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.