SEC Form 4 · accession 0001644925-18-000013
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
May 1, 2018
Accepted (ET)
Jun 4, 2018 · 4:38 pm 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 Stock | May 1, 2018 | M | 1,174 | $0.00 | A | 8,185 | D | |
| Common Stock | May 1, 2018 | F | 350 | $2.40 | D | 7,835 | D | |
| Common Stock | Jun 2, 2018 | M | 9,392 | $0.00 | A | 17,227 | D | |
| Common Stock | Jun 2, 2018 | F | 2,826 | $2.52 | D | 14,401 | 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 | May 1, 2018 | M | 887 | D | — | May 1, 2018 | Common Stock | 887 | 0 | D |
| Restricted Stock UnitsF1,F2 | $0.00 | May 1, 2018 | M | 287 | D | — | May 1, 2018 | Common Stock | 287 | 0 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Jun 2, 2018 | M | 9,392 | D | — | Jun 2, 2018 | Common Stock | 9,392 | 0 | 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.
- F2100% of the RSUs vested immediately.
- F3Reflects an increase of 2,594 RSU's awarded 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.
- F4100% of the RSUs vest on June 2, 2018.