SEC Form 4 · accession 0001726956-18-000010
Babcock & Wilcox Enterprises, Inc. · BW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry E Bartoli
Officer — Chief Strategy Officer · Director
Period of report
Dec 18, 2018
Accepted (ET)
Dec 18, 2018 · 2:55 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 Appreciation RightF1 | $2.00 | Dec 18, 2018 | A | 843,500 | A | — | Dec 18, 2028 | Common Stock | 843,500 | 843,500 | D |
Explanation of responses
- F1Upon exercise, the stock appreciation right will be settled in cash. The stock appreciation right vests upon the completion by the reporting person of the initial one-year term of his employment agreement. After vesting, the stock appreciation right is only exercisable during the first ten calendar days subsequent to a calendar quarter in which the volume weighted average price of BW's common stock for such calendar quarter is at least $2.25 per share.