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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
MCDERMOTT INTERNATIONAL INC [ MDR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/06/2007 | ||||||||||||||||||||||||||
4. 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 Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 06/06/2007 | M | 37,000 | A | $6.0066 | 175,964 | D | |||
Common Stock | 06/06/2007 | S | 37,000 | D | (1) | 138,964 | D | |||
Common Stock | 06/06/2007 | M | 30,540 | A | $13.4533 | 169,504 | D | |||
Common Stock | 06/06/2007 | S | 30,540 | D | (2)(6) | 138,964 | D | |||
Common Stock | 3,111(3) | I | 401 K Shares |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Options (Right to Buy) | $6.0066 | 06/06/2007 | M | 37,000 | (4) | 03/18/2014 | Common Stock | 37,000 | $0 | 0 | D | ||||
Stock Options (Right to Buy) | $13.4533(5) | 06/06/2007 | M | 30,540(5) | (6) | 05/12/2015 | Common Stock | 30,540(5) | $0 | 15,270(5) | D |
Explanation of Responses: |
1. The stock was sold in multiple transactions at the following prices: 410 shares @ $79.00; 2000 shares @ $78.98; 100 shares @ $78.90; 100 shares @ $78.83; 2700 shares @ $78.79; 1400 shares @ $78.78; 1200 shares @ $78.77; 200 shares @ $78.76; 1,600 shares @ $78.75; 1300 shares @ $78.68; 400 shares @ $78.66; 10190 shares @ $78.62 and 15400 shares @ $78.61. |
2. The stock was sold in multiple transactions at the following prices: 200 shares @ $79.14; 100 shares @ $79.13; 100 shares @ $79.10; 800 shares @ $79.09; 300 shares @ $79.08; 300 shares @ $79.06; 790 shares @ $79.00; 2,400 shares @ $78.97; 2,000 shares @ $78.96; 400 shares @ $78.95; 500 shares @ $78.93; 100 shares @ $78.91; 5,700 shares @ $78.71; 1,900 shares @ $78.69; 100 shares @ $78.64; 900 shares @ $78.60; 105 shares @ $78.34; 1245 shares @ $ 78.32; 900 shares @ $78.28; 3600 shares @ $78.26; 500 shares @ $78.01; 100 shares @ 77.93; 200 shares @ $77.92; 300 shares @ $77.91; 1100 shares @ $77.90; 800 shares @ 77.89; 400 shares @ $77.80; 400 shares @ $77.74; 1500 shares @ $ 77.72 and 2800 shares @ $77.70. |
3. Based upon units held in 401K Plan and the fair market value of Common Stock as of June 6, 2007. |
4. The options provided for vesting in three equal installments, on April 18, 2005, 2006 and 2007. |
5. This option was previously reported as covering 30,540 share at an exercise price of $20.18 per share, but was adjusted to refle4ct the 3-for-2 stock split that occurred on May 31, 2006. |
6. The options provided for vesting in three equal installments, on May 12, 2006, 2007 and 2008. |
Remarks: |
Liane K. Hinrichs, by power of attorney | 06/08/2007 | |
** 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). | ||
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. |