Sec Form 4 Filing - Mario Investments LLC @ MRC GLOBAL INC. - 2018-06-10

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
Mario Investments LLC
2. Issuer Name and Ticker or Trading Symbol
MRC GLOBAL INC. [ MRC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DAVIS POLK & WARDWELL LLP, 450 LEXINGTON AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
06/10/2018
(Street)
NEW YORK, NY10017
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 ( 1 ) 06/10/2018 A 5,574 ( 2 ) A $ 0 19,137 ( 3 ) ( 5 ) D
Common Stock ( 1 ) 10 ( 4 ) ( 5 ) I See Footnote ( 4 )
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
Mario Investments LLC
C/O DAVIS POLK & WARDWELL LLP
450 LEXINGTON AVENUE
NEW YORK, NY10017
X X
Cornell Capital Special Situations Partners II LP
C/O DAVIS POLK & WARDWELL LLP
450 LEXINGTON AVENUE
NEW YORK, NY10017
X
Cornell Capital GP II LP
C/O DAVIS POLK & WARDWELL LLP
450 LEXINGTON AVENUE
NEW YORK, NY10017
X
Cornell Investment Partners LLC
C/O DAVIS POLK & WARDWELL LLP
450 LEXINGTON AVENUE
NEW YORK, NY10017
X
Cornell Henry
C/O DAVIS POLK & WARDWELL LLP
450 LEXINGTON AVENUE
NEW YORK, NY10017
X X
Signatures
/s/ Joanna Reiss, Attorney-in-fact for Mario Investments LLC 06/12/2018
Signature of Reporting Person Date
/s/ Joanna Reiss, Attorney-in-fact for Cornell Capital Special Situations Partners II LP 06/12/2018
Signature of Reporting Person Date
/s/ Joanna Reiss, Attorney-in-fact for Cornell Capital GP II LP 06/12/2018
Signature of Reporting Person Date
/s/ Joanna Reiss, Attorney-in-fact for Cornell Investment Partners LLC 06/12/2018
Signature of Reporting Person Date
/s/ Joanna Reiss, Attorney-in-fact for Henry Cornell 06/12/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This statement is being filed jointly by Mario Investments LLC ("Mario"), Cornell Capital Special Situations Partners II LP ("Cornell Special Situations II"), Cornell Capital GP II LP ("Cornell GP II"), Cornell Investment Partners LLC ("Cornell Investment Partners") and Henry Cornell ("Mr. Cornell" and, together with Mario, Cornell Special Situations II, Cornell GP II and Cornell Investment Partners, the "Reporting Persons"). Mr. Cornell is the sole member of Cornell Investment Partners, which is the general partner of Cornell GP II, which is the general partner of Cornell Special Situations II, which is the sole member of Mario. In addition, on June 10, 2018, Mr. Cornell was appointed to the Board of Directors of the Issuer (the "Board").
( 2 )Represents shares of restricted Common Stock awarded to Mr. Cornell on 06/10/2018 in his capacity as a member of the Board that will vest on 06/10/2019, conditioned on Mr. Cornell's continued service as a member of the Board and subject to (a) pro-rata vesting if Mr. Cornell's service as a member of the Board terminates prior to 06/10/2019 and (b) accelerated vesting under certain circumstances.
( 3 )Mr. Cornell is the direct beneficial owner of these shares of Common Stock.
( 4 )Reflects shares held by Mr. Cornell's minor son.
( 5 )Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, if any.

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