0001127602-18-010583.txt : 20180307
0001127602-18-010583.hdr.sgml : 20180307
20180307164740
ACCESSION NUMBER: 0001127602-18-010583
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180305
FILED AS OF DATE: 20180307
DATE AS OF CHANGE: 20180307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Munro Scott
CENTRAL INDEX KEY: 0001605036
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08430
FILM NUMBER: 18673878
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
2018-03-05
0000708819
MCDERMOTT INTERNATIONAL INC
MDR
0001605036
Munro Scott
C/O MCDERMOTT INTERNATIONAL, INC.
757 N. ELDRIDGE PARKWAY
HOUSTON
TX
77079
1
VP, Americas, Europe & Africa
Common Stock
2018-03-05
4
M
0
19782
0
A
114540
D
Common Stock
2018-03-05
4
F
0
7784
7.51
D
106756
D
Common Stock
2018-03-05
4
M
0
59181
0
A
165937
D
Common Stock
2018-03-05
4
D
0
59181
7.51
D
106756
D
Restricted Stock Units
2018-03-05
4
M
0
19782
0
D
Common Stock
19782
0
D
Performance Units
2018-03-05
4
M
0
59181
0
D
2018-03-05
2018-03-05
Common Stock
59181
0
D
This disposition to the issuer reflects the settlement of 100% of the performance units in cash, as determined in the sole discretion of the Compensation Committee.
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 5, 2015, the reporting person was granted 59,346 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
Each performance unit vested on March 5, 2018, and was 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. The Compensation Committee, in its sole discretion, determined to settle 100% of the performance units in cash.
/s/ Kimberly J. Wolford, by Power of Attorney
2018-03-07