0001127602-19-008941.txt : 20190228
0001127602-19-008941.hdr.sgml : 20190228
20190228164352
ACCESSION NUMBER: 0001127602-19-008941
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190226
FILED AS OF DATE: 20190228
DATE AS OF CHANGE: 20190228
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: 19644085
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
2019-02-26
0000708819
MCDERMOTT INTERNATIONAL INC
MDR
0001590535
Dickson David
C/O MCDERMOTT INTERNATIONAL, INC.
757 N. ELDRIDGE PARKWAY
HOUSTON
TX
77079
1
President and CEO
Common Stock
2019-02-26
4
M
0
65941
0
A
525829
D
Common Stock
2019-02-26
4
F
0
25947
8.61
D
499882
D
Common Stock
2019-02-26
4
M
0
197824
0
A
697706
D
Common Stock
2019-02-26
4
F
0
77780
8.61
D
619926
D
Restricted Stock Units
2019-02-26
4
M
0
65941
0
D
Common Stock
65941
0
D
Restricted Stock Units
2019-02-26
4
M
0
197824
0
D
Common Stock
197824
0
D
Due to an administrative rounding error following the Company's 3-to-1 reverse stock split, which occurred on May 9, 2018, the Form 4 filed for the reporting person on November 6, 2018 inadvertently overstated the amount of shares beneficially owned by the reporting person following the transaction reported by 1 share, which error has been corrected on this Form 4.
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.
The restricted stock units vest in three equal annual installments beginning February 26, 2017.
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.
/s/ Kimberly J. Wolford, by Power of Attorney
2019-02-28