0001644999-17-000011.txt : 20170307 0001644999-17-000011.hdr.sgml : 20170307 20170307183631 ACCESSION NUMBER: 0001644999-17-000011 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170303 FILED AS OF DATE: 20170307 DATE AS OF CHANGE: 20170307 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Babcock & Wilcox Enterprises, Inc. CENTRAL INDEX KEY: 0001630805 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 472783641 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 13024 BALLANTYNE CORPORATE PLACE STREET 2: SUITE 700 CITY: CHARLOTTE STATE: NC ZIP: 28277 BUSINESS PHONE: 704-625-4900 MAIL ADDRESS: STREET 1: 13024 BALLANTYNE CORPORATE PLACE STREET 2: SUITE 700 CITY: CHARLOTTE STATE: NC ZIP: 28277 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ferland E James Jr CENTRAL INDEX KEY: 0001404512 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36876 FILM NUMBER: 17673377 MAIL ADDRESS: STREET 1: ALVARADO SQUARE STREET 2: MS 2850 CITY: ALBUQUERQUE STATE: NM ZIP: 87158 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2017-03-03 0001630805 Babcock & Wilcox Enterprises, Inc. BW 0001404512 Ferland E James Jr 13024 BALLANTYNE CORPORATE PLACE SUITE 700 CHARLOTTE NC 28277 1 1 0 0 Chairman and CEO Common Stock 2017-03-03 4 M 0 17811 0 A 229015 D Common Stock 2017-03-03 4 F 0 8975 10.49 D 220040 D Common Stock 505 I 401k Plan Restricted Stock Units 0 2017-03-03 4 A 0 133473 0 A 2020-03-03 Common Stock 133473 133473 D Restricted Stock Units 0 2017-03-03 4 M 0 17567 0 D 2017-03-03 Common Stock 17567 16126 D Restricted Stock Units 0 2017-03-03 4 M 0 244 0 D 2017-03-03 Common Stock 244 16488 D Based on number of units held in the BW Thrift Plan and the fair market value of BW common stock as of March 1, 2017. Grant of restricted stock units pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of BW common stock. RSUs vest in three equal annual installments beginning March 3, 2018. The reporting person elected to defer receipt of 50% of the shares underlying the RSUs. On March 3, 2017, 33,693 RSUs vested and 8,731 of those shares were withheld to fulfill tax obligations. In accordance with his deferral election, the deferred portion of the vested shares will be delivered to the reporting person in four annual installments beginning two years following termination of employment. 100% of the RSUs vest on March 3, 2017. The reporting person elected to defer receipt of all shares underlying the RSUs. On March 3, 2017, 5,700 RSUs vested and 244 of those shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in four installments beginning two years following termination of employment. RSUs vest in two annual installments beginning March 3, 2016. The Form 4 filed on July 6, 2015 incorrectly reported the grant amount of this RSU award as 16,917. The correct amount was 16,918. Therefore, in Column 9 on the Form 4 filed on March 4, 2016 reporting the lapse of 5,700 RSUs and the withholding of 186 shares to fulfill tax obligations, the number of RSUs beneficially owned following the reported transaction should have been 16,732. E. James Ferland by Angela P. Winter, attorney-in-fact 2017-03-07