SEC Form 4 · accession 0001127602-16-053661
BAKER HUGHES a GE Co LLC · BHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew c Esparza
Officer — Vice President
Period of report
May 25, 2016
Accepted (ET)
May 27, 2016 · 12:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000808362
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1.00 Par Value | May 25, 2016 | M | 17,143 | $43.96 | A | 29,519 | D | |
| Common Stock, $1.00 Par Value | May 25, 2016 | F | 7,192 | $43.96 | D | 22,327 | D | |
| Common Stock, $1.00 Par Value | May 25, 2016 | M | 16,679 | $43.96 | A | 39,006 | D | |
| Common Stock, $1.00 Par Value | May 25, 2016 | F | 6,997 | $43.96 | D | 32,009 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | May 25, 2016 | M | 17,143 | D | — | — | Common Stock, $1.00 Par Value | 17,143 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | May 25, 2016 | M | 16,679 | D | — | — | Common Stock, $1.00 Par Value | 16,679 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a right to receive without payment one share of Baker Hughes common stock.
- F2This restricted stock unit is granted under the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan, as amended and restated (the "Plan"). The original grant vested in two equal annual installments beginning one year from the date of grant. Per the terms of the Plan, the Compensation Committee authorized the acceleration of the unvested portion of the reporting person's 2015 grant on May 25, 2016.
- F3This restricted stock unit is granted under the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan, as amended and restated (the "Plan"). The original grant vested in three equal annual installments beginning one year from the date of grant. Per the terms of the Plan, the Compensation Committee authorized the acceleration of one-third of the unvested portion of the reporting person's 2016 grant on May 25, 2016. The remaining two-thirds of the grant will be forfeited.