0001127602-18-006888.txt : 20180220
0001127602-18-006888.hdr.sgml : 20180220
20180220073103
ACCESSION NUMBER: 0001127602-18-006888
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180216
FILED AS OF DATE: 20180220
DATE AS OF CHANGE: 20180220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dickson David
CENTRAL INDEX KEY: 0001590535
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08430
FILM NUMBER: 18623052
MAIL ADDRESS:
STREET 1: 757 N. ELDRIDGE PARKWAY
CITY: HOUSTON
STATE: TX
ZIP: 77079
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
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2018-02-16
0000708819
MCDERMOTT INTERNATIONAL INC
MDR
0001590535
Dickson David
C/O MCDERMOTT INTERNATIONAL, INC.
757 N. ELDRIDGE PARKWAY
HOUSTON
TX
77079
1
President and CEO
Performance Units
2018-02-16
4
A
0
739762
0
A
2018-03-05
2018-03-05
Common Stock
739762
739762
D
Each performance unit initially represented a contingent right to receive the value of one share of MDR common stock, with such performance 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. The performance units were granted on March 5, 2015. On February 16, 2018, the Compensation Committee approved the Earned Award under the Grant Agreement, or 99.72% of the initial performance units granted, and also determined, in its sole discretion, to settle the performance units in cash equal to the fair market value of the shares of MDR common stock otherwise deliverable on the vesting date. Accordingly, on March 5, 2018, the vesting date, the reporting person will receive the vested performance units in cash equal to the fair market value of the shares of MDR common stock otherwise deliverable on the vesting date.
/s/ Kimberly J. Wolford, by Power of Attorney
2018-02-20