SEC Form 4 · accession 0001644999-17-000009
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Andre Hall
Officer — SVP & General Counsel
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 1:31 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 3, 2017 | M | 1,351 | $0.00 | A | 6,404 | D | |
| Common Stock | Mar 3, 2017 | F | 515 | $10.49 | D | 5,889 | D | |
| Common StockF1 | holding | — | — | — | 153 | 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 UnitsF3 | $0.00 | Mar 3, 2017 | A | 13,554 | A | — | Mar 3, 2020 | Common Stock | 13,554 | 13,554 | D |
| Restricted Stock UnitsF4 | $0.00 | Mar 3, 2017 | M | 1,155 | D | — | Mar 3, 2017 | Common Stock | 1,155 | 0 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Mar 3, 2017 | M | 196 | D | — | Mar 3, 2017 | Common Stock | 196 | 0 | 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 1, 2017.
- F2Grant of restricted stock units pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of BW common stock.
- F3RSUs vest in three equal annual installments beginning March 3, 2018.
- F4100% of the RSUs vest on March 3, 2017.
- F5The Form 4 filed on July 6, 2015 incorrectly reported the grant amount of this RSU award as 391. The correct amount was 392. Therefore, in Column 9 on the Form 4 filed on March 4, 2016 reporting the lapse of 196 RSUs, the number of RSUs beneficially owned following the reported transaction should have been 196.
- F6RSUs vest in two annual installments beginning March 3, 2016.