SEC Form 4 · accession 0001127602-17-007700
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
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000708819
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | — | Feb 17, 2017 | A | 813 | A | Mar 5, 2017 | Mar 5, 2017 | Common Stock | 813 | 813 | D |
| Performance SharesF2 | — | Feb 17, 2017 | A | 11,480 | A | Mar 6, 2017 | Mar 6, 2017 | Common Stock | 11,480 | 11,480 | D |
Explanation of responses
- F1Each performance share initially represented a contingent right to receive one share of MDR common stock. The performance shares were granted on March 5, 2012. On February 17, 2017, the Compensation Committee approved the Earned Award under the Grant Agreement, or 50% of the initial performance shares granted.
- F2Each performance share initially represented a contingent right to receive the value of one share of MDR common stock. The performance shares were granted on March 6, 2014. On February 17, 2017, the Compensation Committee approved the Earned Award under the Grant Agreement, or 150% of the initial performance shares granted.