Sec Form 4 Filing - LEMMER WILLIAM C @ CAMERON INTERNATIONAL CORP - 2016-04-01

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LEMMER WILLIAM C
2. Issuer Name and Ticker or Trading Symbol
CAMERON INTERNATIONAL CORP [ CAM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr Vice Pres & General Counsel
(Last) (First) (Middle)
1333 WEST LOOP SOUTH, SUITE 1700
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2016
(Street)
HOUSTON, TX77027
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 04/01/2016 D 79,400 ( 1 ) D 7,507 ( 3 ) D
Common Stock 04/01/2016 D 5,831 D 1,676 D
Common Stock 04/01/2016 F 1,676 ( 3 ) D $ 63.2 0 D
Common Stock 04/01/2016 D 200 D 0 I by Daughter
Common Stock 04/01/2016 D 2,285 D 0 I by Trust
Restricted Stock Units 04/01/2016 D 18,728 D 0 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Incentive Stock Option (right to buy) $ 39.24 ( 5 ) 04/01/2016 D 2,548 11/06/2012 11/06/2016 Common Stock 2,548 ( 5 ) 0 D
Incentive Stock Option (right to buy) $ 42.81 ( 5 ) 04/01/2016 D 2,335 ( 5 ) 10/20/2020 Common Stock 2,335 ( 5 ) 0 D
Incentive Stock Option (right to buy) $ 51.24 ( 5 ) 04/01/2016 D 3,252 ( 5 ) 11/16/2021 Common Stock 3,252 ( 5 ) 0 D
Incentive Stock Option (right to buy) $ 56.05 ( 5 ) 04/01/2016 D 1,784 10/18/2015 10/18/2022 Common Stock 1,784 ( 5 ) 0 D
Incentive Stock Option (right to buy) $ 57.57 ( 5 ) 04/01/2016 D 1,737 10/16/2017 10/16/2024 Common Stock 1,737 ( 5 ) 0 D
Incentive Stock Option (right to buy) $ 64.97 ( 5 ) 04/01/2016 D 1,539 10/17/2016 10/17/2023 Common Stock 1,539 ( 5 ) 0 D
Incentive Stock Option (right to buy) $ 65.97 ( 5 ) 04/01/2016 D 1,515 10/14/2018 10/14/2025 Common Stock 1,515 ( 5 ) 0 D
Non-Qualified Stock Option (right to buy) $ 42.81 ( 5 ) 04/01/2016 D 62,565 10/20/2011 10/20/2017 Common Stock 62,565 ( 5 ) 0 D
Non-Qualified Stock Option (right to buy) $ 51.24 ( 5 ) 04/01/2016 D 46,506 ( 5 ) 11/16/2021 Common Stock 46,506 ( 5 ) 0 D
Non-Qualified Stock Option (right to buy) $ 56.05 ( 5 ) 04/01/2016 D 41,583 ( 5 ) 10/18/2022 Common Stock 41,583 ( 5 ) 0 D
Non-Qualified Stock Option (right to buy) $ 57.57 ( 5 ) 04/01/2016 D 46,919 ( 5 ) 10/16/2024 Common Stock 46,919 ( 5 ) 0 D
Non-Qualified Stock Option (right to buy) $ 64.97 ( 5 ) 04/01/2016 D 40,462 ( 5 ) 10/17/2023 Common Stock 40,462 ( 5 ) 0 D
Non-Qualified Stock Option (right to buy) $ 65.97 ( 5 ) 04/01/2016 D 35,077 ( 5 ) 10/14/2025 Common Stock 35,077 ( 5 ) 0 D
Performance Shares ( 6 ) 04/01/2016 D 22,640 ( 6 ) ( 6 ) Restricted Stock Units 22,640 ( 6 ) 26,482 D
Performance Shares ( 7 ) 04/01/2016 D 26,482 ( 7 ) ( 7 ) Restricted Stock Units 26,482 ( 7 ) 0 D
Phantom Stock ( 8 ) 04/01/2016 D 1,690 ( 8 ) ( 8 ) Common Stock 1,690 ( 8 ) 0.345 ( 9 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEMMER WILLIAM C
1333 WEST LOOP SOUTH
SUITE 1700
HOUSTON, TX77027
Sr Vice Pres & General Counsel
Signatures
By: Grace B Holmes For: William C Lemmer 04/05/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On April 1, 2016, Schlumberger N.V. (Schlumberger Limited), a company organized under the laws of Curacao ("Schlumberger"), acquired the issuer pursuant to that certain merger agreement between issuer, Schlumberger Holdings Corporation, a Delaware corporation and an indirect wholly owned subsidiary of Schlumberger ("Schlumberger US"), Rain Merger Sub LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Schlumberger US ("Merger Sub") and Schlumberger, the indirect parent of Schlumberger US, dated as of August 26, 2015 (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as a wholly owned subsidiary of Schlumberger. The Merger is more fully described in the issuer's proxy statement/prospectus filed with the SEC on November 17, 2016.
( 2 )At the effective time of the Merger, each outstanding share of the issuer's common stock was converted into the right to receive $14.44 in cash, without interest, and 0.716 shares of Schlumberger common stock (the per-share merger consideration).
( 3 )These shares were withheld for the payment of taxes relating to a release of restricted stock units prior to April 1, 2016, and the transaction is voluntarily reported on this Form 4, rather than Form 5. Other transactions have been reported on Form 4s between January 1, 2016 and this form date of April 1, 2016 that changed the beginning number of securities owned on April 1, 2016.
( 4 )At the effective time of the Merger, unvested restricted stock units (RSUs) with respect to the issuer's common stock were converted, based on an exchange ratio provided for in the Merger Agreement of 0.9143, into an RSU with respect to Schlumberger common stock on substantially the same terms.
( 5 )At the effective time of the Merger, outstanding stock options representing the right to acquire common stock of the issuer were converted, based on an exchange ratio provided for in the Merger Agreement of 0.9143, into the right to acquire common stock of Schlumberger on substantially the same terms.
( 6 )These shares represent performance RSUs (PRSUs) with respect to the issuer's common stock awarded as of January 1, 2014 to be earned during three performance years ending December 31, 2014, December 31, 2015, and December 31, 2016, that were deemed earned at the attainment level determined by the Compensation Committee of the Cameron Board in accordance with the terms of the Merger Agreement. At the effective time of the Merger, outstanding and unvested PRSUs with respect to the issuer's common stock were converted, based on an exchange ratio provided for in the Merger Agreement of 0.9143 per unit and the assumed level of performance criteria described in the Merger Agreement, into a fully vested deferred stock unit with respect to Schlumberger common stock with the same payment schedule as the applicable PRSUs.
( 7 )These shares represent performance RSUs (PRSUs) with respect to the issuer's common stock awarded as of January 1, 2015 to be earned during three performance years ending December 31, 2015, December 31, 2016, and December 31, 2017, that were deemed earned at the attainment level determined by the Compensation Committee of the Cameron Board in accordance with the terms of the Merger Agreement. At the effective time of the Merger, outstanding and unvested PRSUs with respect to the issuer's common stock were converted, based on an exchange ratio provided for in the Merger Agreement of 0.9143 per unit and the assumed level of performance criteria described in the Merger Agreement, into a fully vested deferred stock unit with respect to Schlumberger common stock with the same payment schedule as the applicable PRSUs.
( 8 )Each share of phantom stock is the equivalent of one share of the issuer's common stock. At the effective time of the Merger, each such share of phantom stock was converted, based on an exchange ratio provided for in the Merger Agreement of 0.9143 per unit, into Schlumberger common stock.
( 9 )Balance is zero but due to system rounding issues a balance is still shown in this column.

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