SEC Form 4 · accession 0000947871-18-000002
Baker Hughes Co · BKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
GENERAL ELECTRIC CO
Director · 10% Owner
Period of report
Dec 28, 2017
Accepted (ET)
Jan 2, 2018 · 4:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001701605
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | Dec 28, 2017 | D | 1,769,794 | — | D | 128,119,294 | D | |
| Class B Common StockF1,F2 | Dec 28, 2017 | D | 8,001,143 | — | D | 579,220,491 | I | See footnote |
| Class B Common StockF1 | Dec 29, 2017 | D | 64,397 | — | D | 128,054,898 | D | |
| Class B Common StockF1,F2 | Dec 29, 2017 | D | 291,134 | — | D | 578,929,357 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common UnitF3,F1 | — | Dec 28, 2017 | D | 1,769,794 | D | — | — | Class A common stock | 1,769,794 | 128,119,294 | D |
| Common UnitF3,F2,F1 | — | Dec 28, 2017 | D | 8,001,143 | D | — | — | Class A common stock | 8,001,143 | 579,220,491 | I |
| Common UnitF3,F1 | — | Dec 29, 2017 | D | 64,397 | D | — | — | Class A common stock | 64,397 | 128,054,898 | D |
| Common UnitF3,F2,F1 | — | Dec 29, 2017 | D | 291,134 | D | — | — | Class A common stock | 291,134 | 578,929,357 | I |
Explanation of responses
- F1Each share of Class B common stock, together with a Common Unit of Baker Hughes, a GE company, LLC ("BHGE LLC") (collectively, a "Paired Interest"), is exchangeable for a share of Class A common stock. In connection with the Issuer's previously announced open market repurchase program, the Issuer has purchased for cash the Paired Interests reported as disposed of on this Form 4 and the price paid for each such Paired Interest was equal to $30.9690 for each Paired Interest transacted on December 28, 2017 and $31.5229 for each Paired Interest transacted on December 29, 2017.
- F2The Reporting Person holds these securities through wholly-owned subsidiaries.
- F3The Paired Interests were acquired by the Reporting Person in connection with the transactions described in the prospectus filed by the Issuer on May 30, 2017 pursuant to Rule 424(b)(3).