SEC Form 4 · accession 0001644999-16-000041
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 2, 2016
Accepted (ET)
Mar 4, 2016 · 3:54 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 2, 2016 | M | 26,861 | $0.00 | A | 129,071 | D | |
| Common Stock | Mar 2, 2016 | F | 8,917 | $18.98 | D | 120,154 | D | |
| Common Stock | Mar 3, 2016 | M | 186 | $0.00 | A | 120,340 | D | |
| Common Stock | Mar 3, 2016 | F | 186 | $19.24 | D | 120,154 | D | |
| Common StockF1 | holding | — | — | — | 505 | I | 401k Plan |
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 2, 2016 | M | 26,861 | D | — | Mar 2, 2018 | Common Stock | 26,861 | 53,724 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Mar 3, 2016 | M | 186 | D | — | Mar 3, 2017 | Common Stock | 186 | 16,731 | D |
Explanation of responses
- F1Based on number of units held in the BW Thrift Plan and the fair market value of BW common stock as of March 2, 2016.
- F2RSUs vest in three equal annual installments beginning March 2, 2016.
- F3The reporting person elected to defer receipt of all shares underlying the RSUs. On March 3, 2016, 5,700 RSUs vested and 186 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 four installments beginning two years following termination of employment.
- F4RSUs vest in two annual installments beginning March 3, 2016.