SEC Form 4 · accession 0001584346-15-000011
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Carano
Officer — SVP & Treasurer
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 11:45 am 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 StockF1 | holding | — | — | — | 13,157 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Jul 1, 2015 | A | 1,588 | A | — | Jun 12, 2016 | Common Stock | 1,588 | 1,588 | D |
| Restricted Stock UnitsF4 | $0.00 | Jul 1, 2015 | A | 1,669 | A | — | Mar 3, 2017 | Common Stock | 1,669 | 1,669 | D |
| Restricted Stock UnitsF6 | $0.00 | Jul 1, 2015 | A | 3,409 | A | — | Mar 3, 2017 | Common Stock | 3,409 | 3,409 | D |
Explanation of responses
- F1Represents shares received in connection with the pro-rata distribution of BW common stock from The Babcock & Wilcox Company ("BWC") (the "Spin-off") and converted from BWC common stock held by the Reporting Person as of the Spin-off.
- F2Grant of restricted stock units received in connection with the Spin-off and converted from BWC restricted stock units held by the Reporting Person as of the Spin-off. RSU's represent the right to receive one share of BW common stock for each unit that vests.
- F3100% of the RSUs vest on June 12, 2016.
- F4RSUs vest in two annual installments beginning March 3, 2016.
- F5Grant of restricted stock units received in connection with the Spin-off and converted from BWC performance shares held by the Reporting Person as of the Spin-off. RSU's represent the right to receive one share of BW common stock for each unit that vests.
- F6100% of the RSUs vest on March 3, 2017.