SEC Form 4 · accession 0001530419-18-000004
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A. Christopher
Director
Period of report
May 1, 2018
Accepted (ET)
Jun 7, 2018 · 2:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001630805
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | May 1, 2018 | A | 830 | A | — | — | Common Stock | 830 | 3,006 | D |
| Restricted Stock UnitsF3 | $0.00 | May 1, 2018 | A | 762 | A | — | — | Common Stock | 762 | 2,759 | D |
| Restricted Stock UnitsF3 | $0.00 | May 1, 2018 | A | 707 | A | — | — | Common Stock | 707 | 2,560 | D |
| Restricted Stock UnitsF4 | $0.00 | May 1, 2018 | A | 685 | A | — | — | Common Stock | 685 | 2,480 | D |
| Restricted Stock UnitsF5 | $0.00 | May 1, 2018 | A | 1,727 | A | — | — | Common Stock | 1,727 | 6,252 | D |
| Restricted Stock UnitsF6 | $0.00 | May 1, 2018 | A | 3,482 | A | — | — | Common Stock | 3,482 | 12,607 | D |
Explanation of responses
- F1RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.
- F2RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum upon the earlier to occur of: (a) reporting person's disability; or (b) termination of service on the Board of Directors.
- F3RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum six months following termination of service on the Board of Directors.
- F4RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum following termination of service on the Board of Directors.
- F5RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum one year following termination of service on the Board of Directors.
- F6RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum two years following termination of service on the Board of Directors.