SEC Form 4 · accession 0001644999-19-000002
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 1, 2019
Accepted (ET)
Mar 5, 2019 · 2:56 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 1, 2019 | M | 1,590 | $0.00 | A | 18,347 | D | |
| Common Stock | Mar 1, 2019 | F | 555 | $0.60 | D | 17,792 | D | |
| Common Stock | Mar 3, 2019 | M | 6,243 | $0.00 | A | 24,035 | D | |
| Common Stock | Mar 3, 2019 | F | 2,183 | $0.60 | D | 21,852 | D | |
| Common StockF1 | holding | — | — | — | 177 | 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,F2 | $0.00 | Mar 1, 2019 | M | 1,590 | D | — | Mar 1, 2019 | Common Stock | 1,590 | 0 | D |
| Restricted Stock UnitsF5,F4 | $0.00 | Mar 3, 2019 | M | 6,243 | D | — | Mar 3, 2020 | Common Stock | 6,243 | 6,242 | 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 4, 2019.
- F2RSUs vest in three equal annual installments beginning March 1, 2017.
- F3Reflects an increase of 439 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.
- F4RSUs vest in three equal annual installments beginning March 3, 2018.
- F5Reflects an increase of 3,449 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.