0001127602-17-010900.txt : 20170308 0001127602-17-010900.hdr.sgml : 20170308 20170308174420 ACCESSION NUMBER: 0001127602-17-010900 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170306 FILED AS OF DATE: 20170308 DATE AS OF CHANGE: 20170308 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kennefick Jonathan CENTRAL INDEX KEY: 0001659040 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08430 FILM NUMBER: 17676154 MAIL ADDRESS: STREET 1: 757 N. ELDRIDGE PKWY. CITY: HOUSTON STATE: TX ZIP: 77079 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2017-03-06 0000708819 MCDERMOTT INTERNATIONAL INC MDR 0001659040 Kennefick Jonathan C/O MCDERMOTT INTERNATIONAL, INC. 757 N. ELDRIDGE PARKWAY HOUSTON TX 77079 1 SVP, Proj. Exec. & Delivery Common Stock 2017-03-06 4 M 0 6802 0 A 79200 D Common Stock 2017-03-06 4 D 0 6802 6.86 D 72398 D Common Stock 2017-03-06 4 M 0 7653 0 A 80051 D Common Stock 2017-03-06 4 D 0 3826 6.86 D 76225 D Common Stock 2017-03-06 4 F 0 1047 6.86 D 75178 D Common Stock 957 I 401k Plan Restricted Stock Units 2017-03-06 4 M 0 6802 0 D Common Stock 6802 0 D Performance Shares 2017-03-06 4 M 0 7653 0 D 2017-03-06 2017-03-06 Common Stock 7653 0 D This disposition to the issuer reflects the settlement of 100% of the restricted stock units in cash, as determined in the sole discretion of the Compensation Committee. This disposition to the issuer reflects the settlement of one-half of the performance shares in cash, as determined in the sole discretion of the Compensation Committee. Based upon units held in 401K Plan and the fair market value of Common Stock as of March 6, 2017. 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 6, 2014, the reporting person was granted 20,406 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each performance share vested on March 6, 2017, and was 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 Compensation Committee, in its sole discretion, determined to settle half of the performance shares in shares and half in cash. /s/ Liane K. Hinrichs, by Power of Attorney 2017-03-08