SEC Form 4 · accession 0001349093-15-000020

MCDERMOTT INTERNATIONAL INC · MDR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP - Americas, Europe & Africa

Period of report

Mar 6, 2015

Accepted (ET)

Mar 10, 2015 · 4:26 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
Common Stock	Mar 6, 2015	M	13,605	$0.00	A	13,605	D
Common Stock	Mar 6, 2015	F	5,005	$3.32	D	8,600	D
Common Stock	Mar 6, 2015	M	9,566	$0.00	A	18,166	D
Common Stock	Mar 6, 2015	F	3,486	$3.32	D	14,680	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Mar 6, 2015	M	13,605	D	—	—	Common Stock	13,605	27,210	D
Restricted Stock Units^F3,F4	—	Mar 6, 2015	M	9,566	D	—	—	Common Stock	9,566	28,698	D

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.
F2On March 6, 2014, the reporting person was granted 40,815 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F3Each restricted stock unit represents a contingent right to receive one share of MDR common stock.
F4On March 6, 2014, the reporting person was granted 38,264 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.