SEC Form 4 · accession 0001644999-15-000013
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E James Ferland Jr.
Officer — Chairman and CEO · Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 11:39 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 | — | — | — | 77,447 | 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 | 9,415 | A | — | Mar 5, 2016 | Common Stock | 9,415 | 9,415 | D |
| Restricted Stock UnitsF4 | $0.00 | Jul 1, 2015 | A | 5,463 | A | — | Mar 4, 2016 | Common Stock | 5,463 | 5,463 | D |
| Restricted Stock UnitsF5 | $0.00 | Jul 1, 2015 | A | 16,917 | A | — | Mar 3, 2017 | Common Stock | 16,917 | 16,917 | D |
| Restricted Stock UnitsF4 | $0.00 | Jul 1, 2015 | A | 33,079 | A | — | Mar 4, 2016 | Common Stock | 33,079 | 33,079 | D |
| Restricted Stock UnitsF7 | $0.00 | Jul 1, 2015 | A | 33,693 | A | — | Mar 3, 2017 | Common Stock | 33,693 | 33,693 | 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.
- F2Grant 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.
- F3100% of the RSUs vest on March 5, 2016.
- F4100% of the RSUs vest on March 4, 2016.
- F5RSUs vest in two annual installments beginning March 3, 2016.
- F6Grant 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.
- F7100% of the RSUs vest on March 3, 2017.