SEC Form 4 · accession 0001349093-15-000031
MCDERMOTT INTERNATIONAL INC · MDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen L Allen
Officer — SVP - Human Resources
Period of report
May 12, 2015
Accepted (ET)
May 14, 2015 · 4:27 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 StockF1 | May 12, 2015 | M | 12,784 | — | A | 15,361 | D | |
| Common Stock | May 12, 2015 | F | 3,496 | $4.84 | D | 11,865 | 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 | — | May 12, 2015 | M | 12,784 | D | — | — | Common Stock | 12,784 | 25,568 | 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.
- F2On May 12, 2014, the reporting person was granted 38,352 restricted stock units,vesting in three equal annual installments beginning on the first anniversary of the grant date.