SEC Form 4 · accession 0001127602-17-006358
MRC GLOBAL INC. · MRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Andrew R Lane
Officer — President & CEO · Director
Period of report
Feb 14, 2017
Accepted (ET)
Feb 15, 2017 · 5:02 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 14, 2017 | A | 87,258 | $0.00 | A | 785,781 | I | Through A Limited Partnership |
| Common Stock | holding | — | — | — | 492,664 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 14, 2017, the reporting person received 87,258 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 2/14/2018 and 33% of the February 2017 Annual Grant will vest on each of 2/14/19 and 2/14/20, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.