SEC Form 4 · accession 0001644999-18-000002
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian K Ferraioli
Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 3:47 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 StockF1 | Jan 2, 2018 | M | 1,884 | $0.00 | A | 3,679 | 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 UnitsF2 | — | Jan 2, 2018 | M | 1,853 | D | — | — | Common Stock | 1,853 | 0 | D |
| Dividend Equivalent RightsF3 | — | Jan 2, 2018 | M | 31 | D | — | — | Common Stock | 31 | 47 | D |
Explanation of responses
- F1The reporting person is reporting the acquisition of shares in accordance with his deferral election for the delivery of shares underlying certain restricted stock units and the proportionate number of dividend equivalent rights relating to those RSUs.
- F2RSU's vested immediately at the time of grant. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum upon the earlier to occur of: (a) six months following the reporting person's termination of service on the Board of Directors; or (b) January 2, 2018. The reporting person is reporting the disposition of the RSU's.
- F3The dividend equivalent rights accrued on restricted stock unit grants of which the reporting person elected to defer receipt of the shares underlying the RSU's. Each RSU and DER represent a contingent right to receive one share of BW common stock. In accordance with the deferral election, the DERs will be delivered to the reporting person proportionately with the RSU's to which they relate. The reporting person is reporting the disposition of 31 DERs.