SEC Form 4 · accession 0001127602-18-009104
MCDERMOTT INTERNATIONAL INC · MDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Kennefick
Officer — SVP, Proj. Exec. & Delivery
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 4:20 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 | Feb 26, 2018 | M | 19,782 | $0.00 | A | 94,960 | D | |
| Common Stock | Feb 26, 2018 | F | 5,197 | $7.62 | D | 89,763 | D | |
| Common StockF1 | holding | — | — | — | 875 | I | 401k Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Feb 26, 2018 | M | 19,782 | D | — | — | Common Stock | 19,782 | 19,782 | D |
Explanation of responses
- F1Based upon units held in 401K Plan and the fair market value of Common Stock as of February 26, 2018.
- F2Each 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.
- F3The restricted stock units vest in three equal annual installments beginning February 26, 2017.