SEC Form 4 · accession 0001644925-19-000002
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 1, 2019
Accepted (ET)
Mar 5, 2019 · 5:53 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 1, 2019 | M | 636 | $0.00 | A | 15,037 | D | |
| Common Stock | Mar 1, 2019 | F | 224 | $0.60 | D | 14,813 | D | |
| Common Stock | Mar 3, 2019 | M | 331 | $0.00 | A | 15,144 | D | |
| Common Stock | Mar 3, 2019 | F | 331 | $0.60 | D | 14,813 | 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 1, 2019 | M | 636 | D | — | Mar 1, 2019 | Common Stock | 636 | 0 | D |
| Restricted Stock UnitsF3,F5,F4 | $0.00 | Mar 3, 2019 | M | 331 | D | — | Mar 3, 2020 | Common Stock | 331 | 6,229 | D |
Explanation of responses
- F1Reflects an increase of 176 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.
- F2RSUs vest in three equal annual installments beginning March 1, 2017.
- F3The reporting person elected to defer receipt of all shares underlying the RSUs. On March 3, 2019, 2,496 RSUs vested and 331 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.
- F4RSUs vest in three equal annual installments beginning March 3, 2018.
- F5Reflects an increase of 1,379 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.