SEC Form 4 · accession 0001127602-18-032879
MCDERMOTT INTERNATIONAL INC · MDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Richard Flury
Director
Period of report
Nov 13, 2018
Accepted (ET)
Nov 13, 2018 · 4:29 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 | Nov 13, 2018 | M | 7,197 | $0.00 | A | 64,476 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | Nov 13, 2018 | M | 7,197 | D | — | — | Common Stock | 7,197 | 0 | D |
Explanation of responses
- F1Each Phantom Stock Unit represents a right to receive the value of one share of MDR common stock.
- F2Phantom Stock Units were payable in MDR common stock within 30 days following the termination of the CB&I Supervisory Board of Directors Stock Purchase Plan and the CB&I Supervisory Board of Directors Fee Payment Plan (collectively, the "Plans"). The Plans were terminated effective November 8, 2018, and the reporting person's Phantom Stock Units were settled for shares of MDR common stock on November 13, 2018.