SEC Form 4 · accession 0001127602-16-050591
MRC GLOBAL INC. · MRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cornelis Adrianus Linse
Director
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 8:17 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 | Apr 28, 2016 | A | 9,246 | $0.00 | A | 31,764 | D | |
| Common StockF2 | Apr 29, 2016 | F | 2,456 | $13.98 | D | 29,308 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of restricted Common Stock awarded to the reporting person on 4/28/2016 that will vest on 4/28/2017, conditioned on the reporting person's continued service as a director of the issuer and subject to (a) pro-rata vesting if the reporting person's service as a director terminates prior to 4/28/2017 and (b) accelerated vesting under certain circumstances.
- F2The reporting person surrendered these shares on April 29, 2016 to satisfy tax withholding obligations resulting from the vesting of certain shares of the issuer's Common Stock.