SEC Form 4 · accession 0001644985-15-000003
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Zak
Officer — Senior Vice President
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 11:34 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 1, 2015 | A | 2,733 | A | — | Jul 1, 2018 | Common Stock | 2,733 | 2,733 | D |
| Restricted Stock UnitsF3 | $0.00 | Jul 1, 2015 | A | 2,649 | A | — | Jul 1, 2018 | Common Stock | 2,649 | 2,649 | D |
| Restricted Stock UnitsF4 | $0.00 | Jul 1, 2015 | A | 7,169 | A | — | Jul 1, 2017 | Common Stock | 7,169 | 7,169 | D |
| Stock Options (right to buy)F6 | $19.90 | Jul 1, 2015 | A | 9,942 | A | — | Jul 1, 2025 | Common Stock | 9,942 | 9,942 | D |
| Stock Options (right to buy)F7 | $19.90 | Jul 1, 2015 | A | 12,865 | A | — | Jul 1, 2025 | Common Stock | 12,865 | 12,865 | D |
Explanation of responses
- F1Grant of restricted stock units pursuant to the Babcock & Wilcox Enterprises, Inc. 2015 Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of BW common stock.
- F2100% of the RSUs vest on July 1, 2018.
- F3RSUs vest in three equal annual installments beginning July 1, 2016.
- F4100% of the RSUs vest on July 1, 2017.
- F5Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. 2015 Long-Term Incentive Plan.
- F6Stock options vest in three equal annual installments beginning July 1, 2016.
- F7100% of the stock options vest on July 1, 2017.