SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Lane Andrew R

(Last) (First) (Middle)
2 HOUSTON CENTER, 909 FANNIN, SUITE 3100

(Street)
HOUSTON TX 77010

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/11/2012
3. Issuer Name and Ticker or Trading Symbol
MRC GLOBAL INC. [ MRC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President and CEO
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 85,109 I Through a limited partnership
Common Stock 25,000(1) I Through a limited partnership
Common Stock 90,000(2) I Through a limited partnership
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) (3) 09/10/2018 Common Stock 879,464 18.1 I Through a limited partnership
Stock Option (right to buy) (4) 11/10/2021 Common Stock 226,864 18.1 I Through a limited partnership
Explanation of Responses:
1. On February 24, 2009, the reporting person was awarded 25,000 shares of restricted common stock, par value $0.01 per share ("Common Stock"), all of which vest on the fifth anniversary of the date of grant, conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
2. On August 11, 2011, the reporting person was awarded 90,000 shares of restricted Common Stock, all of which vest on the fifth anniversary of the date of grant, conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
3. 25% of the options reported above became exercisable on 9/10/2010; 25% of the options reported above became exercisable on 9/10/2011; and 25% of the options reported above will become exercisable on each of 9/10/2012 and 9/10/2013.
4. 33 1/3% of the options reported above will become exercisable on each of 11/10/2014, 11/10/2015, and 11/10/2016.
/s/ Brian K. Shore, Attorney-in-fact 04/11/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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                           LIMITED POWER OF ATTORNEY

        The  undersigned,  being an executive  officer or director of MRC Global
Inc.  (the  "Corporation"),  who  will  thereby  be  subject  to  the  reporting
obligations  of Section 16 of the  Securities  Exchange Act of 1934,  as amended
(the "Act"),  with respect to securities of the Corporation,  hereby constitutes
and  appoints  each of Brian K. Shore and Daniel J. Churay as the  undersigned's
true and lawful  attorneys-in-fact  and  agents to  execute  and file for and on
behalf of the  undersigned  Forms 3, 4, and 5 with the  Securities  and Exchange
Commission,  and to perform all acts necessary in order to execute and file such
Forms 3, 4, and 5, as he or she,  as  applicable,  shall deem  appropriate.  The
undersigned  hereby  ratifies and confirms all that said  attorneys-in-fact  and
agents shall do or cause to be done by virtue hereof.

        This  Limited  Power of Attorney  shall  remain in full force and effect
until the  undersigned  is no  longer  required  to file  Forms 3, 4, and 5 with
respect to the  undersigned's  holdings of and transactions in securities issued
by the  Corporation,  unless  earlier  revoked  by the  undersigned  in a signed
writing delivered to the foregoing attorneys-in-fact.

        This Limited Power of Attorney is executed as of April 9, 2012.

/s/ Andrew R. Lane                        /s/ James E. Braun
--------------------------------------    --------------------------------------
Andrew R. Lane                            James E. Braun

/s/ Daniel J. Churay                      /s/ Gary A. Ittner
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Daniel J. Churay                          Gary A. Ittner

/s/ James F. Underhill                    /s/ Leonard M. Anthony
--------------------------------------    --------------------------------------
James F. Underhill                        Leonard M. Anthony

/s/ Rhys J. Best                          /s/ Peter C. Boylan III
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Rhys J. Best                              Peter C. Boylan III

/s/ Craig Ketchum                         /s/ Gerard P. Krans
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Craig Ketchum                             Gerard P. Krans

/s/ Cornelis A. Linse                     /s/ John A. Perkins
--------------------------------------    --------------------------------------
Dr. Cornelis A. Linse                     John A. Perkins

/s/ H.B. Wehrle, III                      /s/ Elton R. Bond
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H.B. Wehrle, III                          Elton R. Bond

/s/ Neil P. Wagstaff                      /s/ Scott A. Hutchinson
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Neil P. Wagstaff                          Scott A. Hutchinson

/s/ Rory M. Isaac
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Rory M. Isaac