| 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 |
| |||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 07/01/2020 | 3. Issuer Name and Ticker or Trading Symbol MRC GLOBAL INC. [ MRC ] | |||||||||||||
| 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)
| |||||||||||||||
| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 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 | 28,282(1) | D | |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 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 Option (right to buy) | (2) | 11/10/2021 | Common Stock | 2,762 | 18.1 | D | |
| Stock Option (right to buy) | (3) | 03/07/2023 | Common Stock | 1,615 | 29.35 | D | |
| Stock Option (right to buy) | (4) | 02/18/2024 | Common Stock | 1,523 | 29.3 | D | |
| Explanation of Responses: |
| 1. This number includes 8,227 shares of Common Stock and 20,055 unvested Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's Common Stock. 2,176 RSUs will vest on 02/12/2021; 4,940 RSUs will vest in two annual installments-2,469 RSUs will vest on 02/11/2021, and 2,471 RSUs will vest on 02/11/2022; 7,935 RSUs will vest in three annual installments-34% will vest on 02/10/2021, and 33% will vest on each of 02/10/2022 and 02/10/2023; and 5,004 RSUs will vest on 02/10/2023; each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances. |
| 2. The Stock Option vested in five equal annual installments beginning on 11/10/2012. |
| 3. The Stock Option vested in four equal annual installments beginning on 03/07/2014. |
| 4. The Stock Option vested in three annual installments as follows: 33% on 02/18/2015, 33% on 02/18/2016, and 34% on 02/18/2017. |
| Remarks: |
| Exhibit 24 - Power of Attorney |
| Ann D. Garnett, by power of attorney | 07/06/2020 | |
| ** 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. | ||
