Sec Form 4 Filing - Bates Grant R @ MRC GLOBAL INC. - 2020-02-10

Insider filing report for Changes in Beneficial Ownership
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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
Bates Grant R
2. Issuer Name and Ticker or Trading Symbol
MRC GLOBAL INC. [ MRC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
FULBRIGHT TOWER, 1301, MCKINNEY ST., SUITE 2300
3. Date of Earliest Transaction (MM/DD/YY)
02/10/2020
(Street)
HOUSTON, TX77010
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 02/10/2020 A 13,553 ( 1 ) A $ 0 61,717 D
Common Stock 02/10/2020 A 10,008 ( 2 ) A $ 0 71,725 D
Common Stock 02/10/2020 A 10,323 ( 3 ) A $ 0 82,048 D
Common Stock 02/10/2020 F 4,053 ( 4 ) D $ 10.8 77,995 D
Common Stock 02/11/2020 F 1,274 ( 5 ) D $ 11.12 76,721 D
Common Stock 02/10/2020 A 872 ( 6 ) A $ 0 3,285 I By Spouse
Common Stock 02/11/2020 F 102 ( 7 ) D $ 11.12 3,183 I By Spouse
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bates Grant R
FULBRIGHT TOWER, 1301
MCKINNEY ST., SUITE 2300
HOUSTON, TX77010
See Remarks
Signatures
/s/ Ann D. Garnett, by power of attorney 02/12/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On February 10, 2020, the reporting person received 13,553 Restricted Stock Units (the "February 2020 Annual Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Common Stock. 34% of the February 2020 Annual Grant will vest on February 10, 2021 and 33% of the February 2020 Annual Grant will vest on each of February 10, 2022 and February 10, 2023, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
( 2 )On February 10, 2020 the reporting person was awarded 10,008 Restricted Stock Units. Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Common Stock, all of which will vest on February 10, 2023, conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
( 3 )The reporting person acquired these shares upon the settlement of certain Performance Share Units of the issuer.
( 4 )The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of the issuer.
( 5 )The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock Units of the issuer's Common Stock.
( 6 )On February 10, 2020, the reporting person received 872 Restricted Stock Units through his spouse (the "Spouse February 2020 Annual Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Common Stock. 34% of the Spouse February 2020 Annual Grant will vest on February 10, 2021 and 33% of the Spouse February 2020 Annual Grant will vest on each of February 10, 2022 and February 10, 2023, each conditioned on the spouse's continued service with the issuer and subject to accelerated vesting under certain circumstances.
( 7 )The reporting person's spouse surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock Units of the issuer.

Remarks:
SVP Canada, Intl. & Operational Excellence

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