SEC Form 4 · accession 0001127602-18-025600
MCDERMOTT INTERNATIONAL INC · MDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Freeman
Officer — EVP, Chief Legal Officer
Period of report
Aug 14, 2018
Accepted (ET)
Aug 16, 2018 · 4:43 pm EDT
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 | Aug 14, 2018 | M | 7,431 | $0.00 | A | 7,431 | D | |
| Common Stock | Aug 14, 2018 | F | 2,924 | $19.08 | D | 4,507 | 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 | — | Aug 14, 2018 | M | 7,431 | D | — | — | Common Stock | 7,431 | 14,865 | D |
Explanation of responses
- F1Each 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.
- F2The restricted stock units vest in three equal annual installments beginning August 14, 2018.