SEC Form 4 · accession 0001209191-15-055428
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Babcock & Wilcox Co
10% Owner
Period of report
Jun 18, 2015
Accepted (ET)
Jun 22, 2015 · 5:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001630805
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 18, 2015 | J | 53,719,878 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the spin-off (the "Spin-Off") of Babcock & Wilcox Enterprises, Inc. ("New B&W") by The Babcock & Wilcox Company (the "Company"), pursuant to the terms of the Master Separation Agreement, dated June 8, 2015, between the Company and New B&W (the "Agreement"), the Company will effect the Distribution (as defined in the Agreement) on June 30, 2015, and cause to be distributed to each holder of record of shares of common stock of the Company ("Company Common Shares") as of June 18, 2015, the record date for the Distribution (the "Record Date"), all of the shares of common stock of New B&W by means of a pro rata distribution of one share of common stock of New B&W for every two Company Common Shares held of record by such holder as of the Record Date.
- F2On June 30, 2015, New B&W will issue shares of its common stock to the Company in connection with its internal reorganization and New B&W will effect a stock split, resulting in the Company's ownership of 53,719,878 shares of New B&W.