SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WILKINSON BRUCE W

(Last) (First) (Middle)
C/O MCDERMOTT INTERNATIONAL, INC.
777 N. ELDRIDGE PARKWAY

(Street)
HOUSTON TX 77079

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MCDERMOTT INTERNATIONAL INC [ MDR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/01/2007 M(1) 15,250 A $5.6458 373,147 D
Common Stock 06/01/2007 S(1) 15,250 D (2) 357,897 D
Common Stock 06/01/2007 M(1) 54,750 A $6.0066 412,647 D
Common Stock 06/01/2007 S(1) 54,750 D (4)(5) 357,897 D
Common Stock 5,103(6) I 401 K Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $5.6458 06/01/2007 M(1) 15,250 (7) 04/27/2010 Common Stock 15,250 $0 0 D
Stock Option (Right to Buy) $6.0066(3) 06/01/2007 M(1) 54,750 (8) 03/18/2014 Common Stock 54,750 $0 139,050(3) D
Explanation of Responses:
1. This sale and underlying exercise reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2007.
2. The stock was sold in multiple transactions at the following prices: 100 shares at $78.40; 500 shares at $78.41; 200 shares at $78.43; 200 shares at $78.44; 200 shares at $78.46; 100 shares at $78.50; 5,100 shares at $78.52; 2,100 shares at $78.53; 1,800 shares at $78.54; 600 shares at $78.55; 900 shares at $78.56; 1,100 shares at $78.57; 1,000 shares at $78.58; 800 shares at $78.59 and 550 shares at $78.60.
3. This option was previously reported as covering 129,200 shares at an exercise price of $9.01 per share, but was adjusted to reflect the stock split that occurred on May 31, 2006.
4. Stock sold in multiple transactions: 50 @ $78.60; 1,300 @$78.61; 1000 @ $78.62; 500 @ $78.63; 1200 @ $78.64; 200 @ $78.66; 200 @ $78.67; 400 @ $78.69; 200 @ $78.70; 900 @ $78.71; 1400 @ $78.72; 1800 @ $78.73; 200 @ $78.76; 700 @ $78.77; 200 @ $78.78; 200 @ $78.79; 700 @ $78.80; 1400 @ $78.81; 200 @ $78.82; 900 @ $78.83; 900 @ $78.84; 900 @ $78.85; 1000 @$78.86; 2000 @ $78.88; 100 @$78.89; 500 @$78.90; 2200 @$78.91; 600 @$78.92; 1300 @$78.93; 2000 @$78.94; 500 @ $78.95; 400 @$78.96; 200 @$78.97; 700 @ $78.98; 1000 @$78.99; 2300 @ $79.00; 1300 @ $79.01; 2800 @ $79.02; 900 @ $79.03; 1000 @$79.04; 800 @ $79.05; 1400 @ $79.06; 1000 @ $79.07; 1000 @ $79.08; 1700 @$79.09; 1385 @ $79.10; 800 @$79.11; 400 @$79.12; 1000 @ $79.13; 300 @$79.14; 200 @$79.15; 115 @$79.18; 200 @$79.21; 400 @$79.22; 600 @$79.23; 600 @$79.24; 1500 @$79.25; 400 @$79.27; 100 @$79.28; 400 @ $79.29; 800 @ $79.30; 200 @ $79.31; 200 @ $79.32; 800 @ $79.36; 200 @ $79.37; 400 @ $79.39; 200 @ $79.40;
5. Stock sold in multiple transactions continued: 100 @ $79.43; 200 @ $79.44; 100 @ $79.49; 500 @ $79.55; 200 @ $79.56; 100 @ $79.60 and 200 @ $79.63.
6. Based upon units held in 401K Plan and the fair market value of Common Stock as of June 1, 2007.
7. The option vested in three equal installments on April 27, 2001, 2002 and 2003.
8. The option vested in three equal installments on March 18, 2005, 2006 and 2007.
Remarks:
Liane K. Hinrichs, by power of attorney 06/05/2007
** 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 4 (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).
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