SEC Form 4 · accession 0001127602-17-006346
MRC GLOBAL INC. · MRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steinar Aasland
Officer — SVP? Int'l Operations
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 4:55 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 13, 2017 | A | 15,000 | $0.00 | A | 46,368 | D | |
| Common StockF2 | Feb 13, 2017 | A | 7,729 | $0.00 | A | 54,097 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 13, 2017, the reporting person was awarded 15,000 Restricted Stock Units. Each Restricted Stock Unit represents a contingent right to receive one share of issuer's Common Stock, all of which vest on the third anniversary of the date of grant, conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
- F2On February 13, 2017, the reporting person received 7,729 Restricted Stock Units (the "February 2017 Annual Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of issuer's Common Stock. 34% of the February 2017 Annual Grant will vest on 2/13/2018 and 33% of the February 2017 Annual Grant will vest on each of 2/13/19 and 2/13/20, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.