SEC Form 4 · accession 0001644999-16-000034
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
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 11:58 am EST
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 | Mar 1, 2016 | A | 48,330 | A | — | Mar 1, 2019 | Common Stock | 48,330 | 48,330 | D |
| Stock Options (right to buy)F4 | $19.00 | Mar 1, 2016 | A | 188,340 | A | — | Mar 1, 2026 | Common Stock | 188,340 | 188,340 | 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.
- F2RSUs vest in three equal annual installments beginning March 1, 2017.
- F3Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. 2015 Long-Term Incentive Plan.
- F4Stock options vest in three equal annual installments beginning March 1, 2017.