SEC Form 4 · accession 0001707399-18-000006
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leslie C Kass
Officer — President and CEO
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 4:16 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2 | $5.76 | Mar 6, 2018 | A | 138,504 | A | Mar 6, 2019 | Mar 6, 2028 | Common Stock | 138,504 | 138,504 | D |
| Restricted Stock UnitsF4 | $0.00 | Mar 6, 2018 | A | 173,611 | A | — | Mar 6, 2021 | Common Stock | 173,611 | 173,611 | D |
Explanation of responses
- F1Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.
- F2100% of the stock options vest March 6, 2019.
- 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 or, at the Issuer's election, the cash value thereof.
- F4RSUs vest in two annual installments beginning March 6, 2020.