SEC Form 4 · accession 0001644999-18-000035
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
Jul 1, 2018
Accepted (ET)
Jul 3, 2018 · 4:12 pm EDT
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 | Jul 1, 2018 | M | 4,996 | $0.00 | A | 18,251 | D | |
| Common Stock | Jul 1, 2018 | F | 1,494 | $2.38 | D | 16,757 | D | |
| Common StockF1 | holding | — | — | — | 162 | 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,F3 | $0.00 | Jul 1, 2018 | M | 3,776 | D | — | Jul 1, 2018 | Common Stock | 3,776 | 0 | D |
| Restricted Stock UnitsF4,F5 | $0.00 | Jul 1, 2018 | M | 1,220 | D | — | Jul 1, 2018 | Common Stock | 1,220 | 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 July 2, 2018.
- F2Reflects an increase of 1,043 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.
- F3100% of the RSUs vest on July 1, 2018.
- F4Reflects an increase of 337 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.
- F5RSUs vest in three equal annual installments beginning July 1, 2016.