SEC Form 4 · accession 0001607264-17-000004
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elias Gedeon
Officer — SVP & Chief Bus. Dev. Officer
Period of report
Mar 3, 2017
Accepted (ET)
Mar 6, 2017 · 5:28 pm EST
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 Stock | Mar 3, 2017 | M | 2,430 | $0.00 | A | 12,038 | D | |
| Common Stock | Mar 3, 2017 | F | 836 | $10.49 | D | 11,202 | D | |
| Common StockF1 | holding | — | — | — | 180 | I | 401k Plan |
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 | Mar 3, 2017 | A | 14,388 | A | — | Mar 3, 2020 | Common Stock | 14,388 | 14,388 | D |
| Restricted Stock UnitsF4 | $0.00 | Mar 3, 2017 | M | 2,430 | D | — | Mar 3, 2017 | Common Stock | 2,430 | 0 | D |
Explanation of responses
- F1Based on number of units held in the BW Thrift Plan and the fair market value of BW common stock as of March 1, 2017.
- F2Grant of restricted stock units pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of BW common stock.
- F3RSUs vest in three equal annual installments beginning March 3, 2018.
- F4100% of the RSUs vest on March 3, 2017.