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