4//SEC Filing
Munro Scott 4
Accession 0001127602-18-017394
CIK 0000708819other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 5:45 PM ET
Size
9.0 KB
Accession
0001127602-18-017394
Insider Transaction Report
Form 4
Munro Scott
VP - Americas, Europe & Africa
Transactions
- Award
Restricted Stock Units
2018-05-10+19,783→ 19,783 total→ Common Stock (19,783 underlying) - Award
Restricted Stock Units
2018-05-10+9,058→ 9,058 total→ Common Stock (9,058 underlying)
Footnotes (3)
- [F1]The restricted stock units were originally granted to the reporting person as performance units on February 26, 2016. On March 1, 2018, the Compensation Committee approved an amendment to the February 26, 2016 form of Performance Unit Award Agreement to provide that 100% of the initial performance units granted would be converted into time-vested restricted stock units vesting on the third anniversary of the original grant date, effective upon the closing of the Company's combination with Chicago Bridge & Iron Company, N.V., which occured May 10, 2018. 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 stock (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof.
- [F2]The restricted stock units will vest 100% on the third anniversary of the original grant date.
- [F3]The restricted stock units were originally granted to the reporting person as performance units on February 28, 2017. On March 1, 2018, the Compensation Committee approved an amendment to the February 28, 2017 form of Performance Unit Award Agreement to provide that 100% of the initial performance units granted would be converted into time-vested restricted stock units vesting on the third anniversary of the original grant date, effective upon the closing of the Company's combination with Chicago Bridge & Iron Company, N.V., which occurred May 10, 2018. 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 stock (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof.
Documents
Issuer
MCDERMOTT INTERNATIONAL INC
CIK 0000708819
Entity typeother
Related Parties
1- filerCIK 0001605036
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 5:45 PM ET
- Size
- 9.0 KB