SEC Form 4 · accession 0000947871-18-000478
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
May 30, 2018
Accepted (ET)
May 31, 2018 · 5:42 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 | May 30, 2018 | D | 1,578,948 | — | D | 124,569,778 | D | |
| Class B Common StockF1,F2 | May 30, 2018 | D | 7,138,339 | — | D | 563,173,317 | 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 | — | May 30, 2018 | D | 1,578,948 | D | — | — | Class A common stock | 1,578,948 | 124,569,778 | D |
| Common UnitF3,F2,F1 | — | May 30, 2018 | D | 7,138,339 | D | — | — | Class A common stock | 7,138,339 | 563,173,317 | 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 $35.90 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).