SEC Form 4 · accession 0001644925-18-000004
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel W Hoehn
Officer — Vice President and CAO
Period of report
Mar 3, 2018
Accepted (ET)
Mar 6, 2018 · 4:46 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, 2018 | M | 240 | $0.00 | A | 1,795 | D | |
| Common Stock | Mar 3, 2018 | F | 240 | $5.53 | D | 1,555 | 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 UnitsF1,F2 | $0.00 | Mar 3, 2018 | M | 240 | D | — | Mar 3, 2020 | Common Stock | 240 | 5,181 | D |
Explanation of responses
- F1The reporting person elected to defer receipt of all shares underlying the RSUs. On March 3, 2018, 1,807 RSUs vested and 240 of those shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum 12 months following termination of employment.
- F2RSUs vest in three equal annual installments beginning March 3, 2018.