SEC Form 4 · accession 0000947871-18-000310
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
Mar 29, 2018
Accepted (ET)
Mar 30, 2018 · 4:05 pm EDT
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 | Mar 29, 2018 | D | 1,906,172 | — | D | 126,148,726 | D | |
| Class B Common StockF1,F2 | Mar 29, 2018 | D | 8,617,701 | — | D | 570,311,656 | 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 | — | Mar 29, 2018 | D | 1,906,172 | D | — | — | Class A common stock | 1,906,172 | 126,148,726 | D |
| Common UnitF3,F2,F1 | — | Mar 29, 2018 | D | 8,617,701 | D | — | — | Class A common stock | 8,617,701 | 570,311,656 | 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 $29.71 for each Paired Interest.
- 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).