0001127602-17-010890.txt : 20170308
0001127602-17-010890.hdr.sgml : 20170308
20170308173337
ACCESSION NUMBER: 0001127602-17-010890
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170306
FILED AS OF DATE: 20170308
DATE AS OF CHANGE: 20170308
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MCDERMOTT INTERNATIONAL INC
CENTRAL INDEX KEY: 0000708819
STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED PLATE WORK (BOILER SHOPS) [3443]
IRS NUMBER: 720593134
STATE OF INCORPORATION: R1
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 777 N. ELDRIDGE PARKWAY
CITY: HOUSTON
STATE: TX
ZIP: 77079
BUSINESS PHONE: 281-870-5000
MAIL ADDRESS:
STREET 1: 777 N. ELDRIDGE PARKWAY
CITY: HOUSTON
STATE: TX
ZIP: 77079
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hinrichs Liane K
CENTRAL INDEX KEY: 0001349093
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08430
FILM NUMBER: 17676108
MAIL ADDRESS:
STREET 1: 757 N. ELDRIDGE PARKWAY
STREET 2: 14TH FLOOR
CITY: HOUSTON
STATE: TX
ZIP: 77079
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-03-06
0000708819
MCDERMOTT INTERNATIONAL INC
MDR
0001349093
Hinrichs Liane K
C/O MCDERMOTT INTERNATIONAL, INC.
757 N. ELDRIDGE PARKWAY
HOUSTON
TX
77079
1
SVP, Gen.Counsel & Corp. Sec.
Common Stock
2017-03-06
4
M
0
25510
0
A
373846
D
Common Stock
2017-03-06
4
D
0
25510
6.86
D
348336
D
Common Stock
2017-03-06
4
M
0
76530
0
A
424866
D
Common Stock
2017-03-06
4
D
0
38265
6.86
D
386601
D
Common Stock
2017-03-06
4
F
0
16052
6.86
D
370549
D
Common Stock
3101
I
401k Plan
Restricted Stock Units
2017-03-06
4
M
0
25510
0
D
Common Stock
25510
0
D
Performance Shares
2017-03-06
4
M
0
76530
0
D
2017-03-06
2017-03-06
Common Stock
76530
0
D
This disposition to the issuer reflects the settlement of 100% of the restricted stock units in cash, as determined in the sole discretion of the Compensation Committee
This disposition to the issuer reflects the settlement of one-half of the performance shares in cash, as determined in the sole discretion of the Compensation Committee.
Based upon units held in 401K Plan and the fair market value of Common Stock as of March 6, 2017.
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.
On March 6, 2014, the reporting person was granted 76,530 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
Each performance share vested on March 6, 2017, and was 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. The Compensation Committee, in its sole discretion, determined to settle half of the performance shares in shares and half in cash.
/s/ Robert E. Stumpf, by Power of Attorney
2017-03-08