0001127602-18-017401.txt : 20180514
0001127602-18-017401.hdr.sgml : 20180514
20180514175440
ACCESSION NUMBER: 0001127602-18-017401
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180510
FILED AS OF DATE: 20180514
DATE AS OF CHANGE: 20180514
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Spence Stuart
CENTRAL INDEX KEY: 0001617951
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08430
FILM NUMBER: 18832225
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
2018-05-10
0000708819
MCDERMOTT INTERNATIONAL INC
MDR
0001617951
Spence Stuart
C/O MCDERMOTT INTERNATIONAL, INC.
757 N. ELDRIDGE PARKWAY
HOUSTON
TX
77079
1
EVP and CFO
Restricted Stock Units
2018-05-10
4
A
0
69239
0
A
Common Stock
69239
69239
D
Restricted Stock Units
2018-05-10
4
A
0
33968
0
A
Common Stock
33968
33968
D
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.
The restricted stock units will vest 100% on the third anniversary of the original grant date.
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.
/s/ Kimberly J. Wolford, by Power of Attorney
2018-05-14