SEC Form 4 · accession 0001707399-18-000009
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
Apr 30, 2018
Accepted (ET)
May 2, 2018 · 3:21 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 StockF1 | Apr 30, 2018 | X | 34,848 | $2.00 | A | 47,294 | D | |
| Common StockF2 | holding | — | — | — | 240 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription rights (right to buy)F1 | $2.00 | Apr 30, 2018 | X | 12,446 | D | Mar 15, 2018 | Apr 30, 2018 | Common Stock | 34,848 | 0 | D |
Explanation of responses
- F1The reporting person exercised 12,446 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.
- 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.