SEC Form 4 · accession 0001707399-18-000011
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 · Director
Period of report
May 23, 2018
Accepted (ET)
May 25, 2018 · 12:56 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 | May 23, 2018 | M | 2,788 | $0.00 | A | 50,082 | D | |
| Common Stock | May 23, 2018 | F | 838 | $2.57 | D | 49,244 | D | |
| Common StockF1 | holding | — | — | — | 241 | 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 | May 23, 2018 | M | 2,788 | D | — | May 23, 2020 | Common Stock | 2,788 | 5,576 | 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 May 24, 2018.
- F2RSUs vest in three equal annual installments beginning May 23, 2018.
- F3Reflects an increase of 2,310 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.