SEC Form 4 · accession 0001644999-18-000027
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
Feb 14, 2018
Accepted (ET)
Mar 8, 2018 · 5:53 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 | Feb 14, 2018 | M | 25,034 | — | A | 38,289 | D | |
| Common Stock | Feb 14, 2018 | D | 25,034 | $4.35 | D | 13,255 | D | |
| Common StockF2 | holding | — | — | — | 161 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1,F3 | — | Feb 14, 2018 | M | 25,034 | D | — | Aug 14, 2018 | Common Stock | 25,034 | 37,552 | D |
Explanation of responses
- F1Each cash-settled performance unit ("CPU") is the economic equivalent of one share of BW common stock.
- F2Based on number of units held in the BW Thrift Plan and the fair market value of BW common stock as of February 28, 2018.
- F3CPUs vest in two installments as follows: 40% on 02/14/2018; 60% on 08/14/2018.