SEC Form 4 · accession 0000947871-18-000913

Baker Hughes Co · BKR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Nov 16, 2018

Accepted (ET)

Nov 19, 2018 · 5:13 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 Stock^F1	Nov 16, 2018	M	92,000,000	—	D	32,569,778	D
Class A Common Stock^F1	Nov 16, 2018	M	92,000,000	—	A	92,000,000	D
Class A Common Stock	Nov 16, 2018	S	92,000,000	$22.4825	D	0	D
Class B Common Stock^F2,F4	Nov 16, 2018	D	65,000,000	—	D	498,173,317	I	See footnote
Class B Common Stock^F3	Nov 19, 2018	M	9,200,000	—	D	23,369,778	D
Class A Common Stock^F3	Nov 19, 2018	M	9,200,000	—	A	9,200,000	D
Class A Common Stock	Nov 19, 2018	S	9,200,000	$22.3025	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Unit^F5,F1	—	Nov 16, 2018	M	92,000,000	D	—	—	Class A Common Stock	92,000,000	32,569,778	D
Common Unit^F5,F4,F2	—	Nov 16, 2018	D	65,000,000	D	—	—	Class A Common Stock	65,000,000	498,173,317	I
Common Unit^F5,F3	—	Nov 19, 2018	M	9,200,000	D	—	—	Class A Common Stock	9,200,000	23,369,778	D

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. On November 16, 2018, GE completed the sale of 92,000,000 shares of Class A Common Stock (after the exchange of an equal number of Paired Interests into Class A Common Stock) in connection with a previously announced underwritten registered secondary offering of the Issuer's Class A Common Stock.
F2In connection with the previously announced repurchase agreement between the Reporting Person, BHGE LLC, and the Issuer, the Issuer has purchased for cash the Paired Interests reported as disposed of on these lines of this Form 4 and the price paid for each such Paired Interest was equal to $22.4825 for each Paired Interest.
F3On November 19, 2018, GE completed the sale of 9,200,000 shares of Class A Common Stock (after the exchange of an equal number of Paired Interests into Class A Common Stock) in connection with a previously announced underwritten registered secondary offering of the Issuer's Class A Common Stock.
F4The Reporting Person holds these securities through wholly-owned subsidiaries.
F5The 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).