SEC Form 4 · accession 0001644999-17-000039
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
Aug 14, 2017
Accepted (ET)
Aug 15, 2017 · 5:26 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF2 | $0.00 | Aug 14, 2017 | A | 62,586 | A | — | — | Common Stock | 62,586 | 62,586 | D |
| Restricted Stock UnitsF4 | $0.00 | Aug 14, 2017 | A | 111,103 | A | — | Aug 14, 2020 | Common Stock | 111,103 | 111,103 | D |
Explanation of responses
- F1Grant of cash-settled performance units ("CPUs"). Each CPU is the economic equivalent of one share of BW common stock
- F2CPUs vest in two installments as follows: 40% on 02/14/2018; 60% on 08/14/2018
- F3Grant 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.
- F4RSUs vest in two annual installments beginning August 14, 2019.