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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (52417)

9/22/2013 6:29:42 PM

From: smaycs4

Read Replies (1) | Respond to of 78740

Cluster of buys last year in June did not show particularly good timing. Sometimes stock ownership guidelines can dilute the meaningfulness of insider buying.

Stock Ownership Guidelines — Our executive officers and directors are subject to stock ownership guidelines, which also help promote longer-term perspectives and align the interests of our executive officers and directors with those of our stockholders. In 2010, we increased the stock ownership requirements for our executive officers and nonemployee directors to further emphasize this alignment of interests.

Stock Ownership Guidelines. To assist with the alignment of the interests of directors, executive officers and stockholders, we believe our directors and officers should have a significant financial stake in McDermott. To further that goal, we have adopted stock ownership guidelines requiring generally that our nonemployee directors and our officers at the level of vice president or above maintain a minimum ownership interest in McDermott. The stock ownership requirements are as follows:


Level	Base Salary or Annual Retainer Multiple
CEO		5x
Executive Officers directly reporting to CEO		3x
Other Elected Vice Presidents		2x
Nonemployee Directors		5x

Jun 6 2012	Jun 6 2012	MDR	McDermott International Inc	Johnson Stephen Marcum	President, CEO	102,368	Purchase at $9.64	$986,613
Jun 6 2012	Jun 6 2012	MDR	McDermott International Inc	Hinrichs Liane K	SrVP, Gen.Counsel, Corp. Sec.	15,000	Purchase at $9.60	$144,035
Jun 6 2012	Jun 6 2012	MDR	McDermott International Inc	McWilliams D Bradley	Director	10,000	Purchase at $9.59	$95,859
Jun 6 2012	Jun 5 2012	MDR	McDermott International Inc	Bookout John F III	Director	150,000	Purchase at $9.33	$1,399,485