SEC Form 3
FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 09/16/2015 | 3. Issuer Name and Ticker or Trading Symbol MCDERMOTT INTERNATIONAL INC [ MDR ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 12,181 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Options (right to buy) | (1) | 03/05/2019 | Common Stock | 3,237 | 14.44 | D | |
Stock Options (right to buy) | (2) | 03/05/2020 | Common Stock | 7,008 | 10.5 | D | |
Restricted Stock Units | (3) | (3) | Common Stock | 2,428 | (4) | D | |
Restricted Stock Units | (5) | (5) | Common Stock | 17,006 | (6) | D | |
Restricted Stock Units | (7) | (7) | Common Stock | 41,541 | (6) | D |
Explanation of Responses: |
1. The options became exercisable in three equal annual installments beginning March 5, 2013. 100% of the options are vested and exercisable. |
2. The options become exercisable in three equal annual installments. The first two installments became exercisable on March 5, 2014 and March 5, 2015, and the last installment becomes exercisable on March 5, 2016. |
3. The restricted stock units vest in four equal annual installments. The first two installments vested on March 5, 2014 and March 5, 2015, and the last two installments vest on March 5, 2016 and March 5, 2017. |
4. Each restricted stock unit represents a contingent right to receive one share of MDR comon stock. |
5. The restricted stock units vest in three equal annual installments. The first installment vested on March 6, 2015 and the last two installments vest on March 6, 2016 and March 6, 2017. |
6. 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. |
7. The restricted stock units vest in three equal annual installments beginning March 6, 2016. |
Remarks: |
Liane K. Hinrichs, Attorney-in-fact | 09/25/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |