SEC Form 4 · accession 0001644999-15-000009
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jenny L Apker
Officer — Senior Vice President and CFO
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 11:08 am 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 StockF1 | holding | — | — | — | 13,572 | 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 UnitsF3 | $0.00 | Jul 1, 2015 | A | 4,282 | A | — | Jul 1, 2018 | Common Stock | 4,282 | 4,282 | D |
| Restricted Stock UnitsF4 | $0.00 | Jul 1, 2015 | A | 4,149 | A | — | Jul 1, 2018 | Common Stock | 4,149 | 4,149 | D |
| Stock Options (right to buy)F6 | $19.90 | Jul 1, 2015 | A | 15,576 | A | — | Jul 1, 2025 | Common Stock | 15,576 | 15,576 | D |
| Restricted Stock UnitsF8 | $0.00 | Jul 1, 2015 | A | 282 | A | — | Mar 4, 2016 | Common Stock | 282 | 282 | D |
| Restricted Stock UnitsF9 | $0.00 | Jul 1, 2015 | A | 583 | A | — | Mar 3, 2017 | Common Stock | 583 | 583 | D |
| Restricted Stock UnitsF8 | $0.00 | Jul 1, 2015 | A | 1,704 | A | — | Mar 4, 2016 | Common Stock | 1,704 | 1,704 | D |
| Restricted Stock UnitsF11 | $0.00 | Jul 1, 2015 | A | 1,725 | A | — | Mar 3, 2017 | Common Stock | 1,725 | 1,725 | D |
Explanation of responses
- F1Represents shares received in connection with the pro-rata distribution of BW common stock from The Babcock & Wilcox Company ("BWC") (the "Spin-off") and converted from BWC common stock held by the Reporting Person as of the Spin-off.
- F10Grant of restricted stock units received in connection with the Spin-off and converted from BWC performance shares held by the Reporting Person as of the Spin-off. RSU's represent the right to receive one share of BW common stock for each unit that vests.
- F11100% of the RSUs vest on March 3, 2017.
- F2Grant 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.
- F3100% of the RSUs vest on July 1, 2018.
- F4RSUs vest in three equal annual installments beginning July 1, 2016.
- 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.
- F7Grant of restricted stock units received in connection with the Spin-off and converted from BWC restricted stock units held by the Reporting Person as of the Spin-off. RSU's represent the right to receive one share of BW common stock for each unit that vests.
- F8100% of the RSUs vest on March 4, 2016.
- F9RSUs vest in two annual installments beginning March 3, 2016.