SEC Form 4 · accession 0001584346-15-000013
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 6, 2015
Accepted (ET)
Jul 8, 2015 · 11:59 am 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 | Jul 6, 2015 | A | 8,417 | A | — | Mar 2, 2018 | Common Stock | 8,417 | 8,417 | D |
| Restricted Stock UnitsF3 | $0.00 | Jul 6, 2015 | A | 8,155 | A | — | Mar 2, 2018 | Common Stock | 8,155 | 8,155 | D |
| Stock Options (right to buy)F5 | $17.65 | Jul 6, 2015 | A | 10,511 | A | — | Jun 12, 2020 | Common Stock | 10,511 | 10,511 | D |
| Stock Options (right to buy)F6 | $19.37 | Jul 6, 2015 | A | 8,797 | A | — | Mar 3, 2021 | Common Stock | 8,797 | 8,797 | D |
| Stock Options (right to buy)F7 | $18.32 | Jul 6, 2015 | A | 45,436 | A | — | Mar 2, 2025 | Common Stock | 45,436 | 45,436 | D |
Explanation of responses
- F1Grant of restricted stock units 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 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.
- F2100% of the RSUs vest on March 2, 2018.
- F3RSUs vest in three equal annual installments beginning March 2, 2016.
- F4Grant of stock options received in connection with the Spin-off and converted from BWC stock options held by the Reporting Person as of the Spin-off.
- F52/3 of the stock options vest immediately. The remaining 1/3 of the stock options vest on June 12, 2016.
- F61/3 of the stock options vest immediately. The remaining 2/3 of the stock options vest in two equal annual installments beginning March 3, 2016.
- F7Stock options vest in three equal annual installments beginning March 2, 2016.