SEC Form 4 · accession 0001127602-16-045533
MCDERMOTT INTERNATIONAL INC · MDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh Cuthbertson
Officer — Vice President, Asia
Period of report
Mar 5, 2016
Accepted (ET)
Mar 8, 2016 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000708819
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 5, 2016 | M | 1,785 | $0.00 | A | 44,636 | D | |
| Common Stock | Mar 5, 2016 | F | 624 | $3.88 | D | 44,012 | D | |
| Common Stock | Mar 5, 2016 | M | 19,782 | $0.00 | A | 63,794 | D | |
| Common Stock | Mar 5, 2016 | F | 6,923 | $3.88 | D | 56,871 | D | |
| Common Stock | Mar 6, 2016 | M | 10,204 | $0.00 | A | 67,075 | D | |
| Common Stock | Mar 6, 2016 | F | 3,571 | $3.88 | D | 63,504 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 5, 2016 | M | 1,785 | D | — | — | Common Stock | 1,785 | 1,785 | D |
| Restricted Stock UnitsF3,F4 | — | Mar 5, 2016 | M | 19,782 | D | — | — | Common Stock | 19,782 | 39,564 | D |
| Restricted Stock UnitsF3,F5 | — | Mar 6, 2016 | M | 10,204 | D | — | — | Common Stock | 10,204 | 10,204 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of MDR common stock.
- F2On March 5, 2013, the reporting person was granted 7,140 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
- F3Each restricted stock unit represents a contingent right to receive the value of one share of MDR common stock, with such restricted stock units to be paid, in the sole discretion of the Compensation Committee: (i) in shares of MDR common stock, (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof.
- F4On March 5, 2015, the reporting person was granted 59,346 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F5On March 6, 2014, the reporting person was granted 30,612 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.