Henry Cornell - May 6, 2021 Form 4 Insider Report for MRC GLOBAL INC. (MRC)

Role
Director, 10%+ Owner
Signature
/s/ Henry Cornell
Stock symbol
MRC
Transactions as of
May 6, 2021
Transactions value $
$0
Form type
4
Date filed
5/10/2021, 06:12 PM
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRC Common Stock Award $0 +13.4K +29.56% $0.00 58.7K May 6, 2021 Direct F1, F2, F3, F5
holding MRC Common Stock 10 May 6, 2021 See footnote F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This statement is being filed jointly by Henry Cornell ("Mr. Cornell"), 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 Mario Investments LLC ("Mario" and, together with Mr. Cornell, 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").
F2 Represents shares of restricted common stock awarded to Mr. Cornell on 05/06/2021 in his capacity as a member of the Board that will vest on 05/06/2022, 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 05/06/2022 and (b) accelerated vesting under certain circumstances.
F3 Mr. Cornell is the direct beneficial owner of these shares of common stock.
F4 Reflects shares held by Mr. Cornell's minor son.
F5 Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, if any.