SEC Form 3 · accession 0001127602-19-010827
MCDERMOTT INTERNATIONAL INC · MDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Coscio
Officer — SVP, North, Centr. & South Am.
Period of report
Mar 1, 2019
Accepted (ET)
Mar 11, 2019 · 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 | holding | — | — | — | 2,917 | 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 UnitsF2,F1 | — | holding | — | — | — | — | — | Common Stock | 28,215 | — | D |
| Stock Options (Right to Buy)F3 | $40.81 | holding | — | — | — | — | Feb 22, 2021 | Common Stock | 41 | — | D |
| Stock Options (Right to Buy)F4 | $27.04 | holding | — | — | — | — | Feb 22, 2020 | Common Stock | 41 | — | D |
| Restricted Stock UnitsF6,F5 | — | holding | — | — | — | — | — | Common Stock | 566 | — | D |
| Restricted Stock UnitsF7,F5 | — | holding | — | — | — | — | — | Common Stock | 1,053 | — | D |
| Restricted Stock UnitsF8,F1 | — | holding | — | — | — | — | — | Common Stock | 5,208 | — | D |
Explanation of responses
- F1The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F2The restricted stock units were granted to the reporting person on February 27, 2019. Each 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 stock options were granted to the reporting person on February 22, 2011 and are fully vested.
- F4The stock options were granted to the reporting person on February 22, 2010 and are fully vested.
- F5The restricted stock units vest in four equal annual installments beginning on the first anniversary of the grant date.
- F6The restricted units were granted to the reporting person on February 18, 2016. Each restricted stock unit represents a right to receive the value of one share of MDR common stock.
- F7The restricted units were granted to the reporting person on February 15, 2017. Each restricted stock unit represents a right to receive the value of one share of MDR common stock.
- F8The restricted units were granted to the reporting person on February 14, 2018. Each restricted stock unit represents a right to receive the value of one share of MDR common stock.