BAKER HUGHES INC 4
4 · BAKER HUGHES INC · Filed May 27, 2016
Insider Transaction Report
Form 4
Esparza Andrew c
Vice President
Transactions
- Exercise/Conversion
Common Stock, $1.00 Par Value
2016-05-25$43.96/sh+16,679$733,209→ 39,006 total - Exercise/Conversion
Restricted Stock Units
2016-05-25−17,143→ 0 total→ Common Stock, $1.00 Par Value (17,143 underlying) - Exercise/Conversion
Restricted Stock Units
2016-05-25−16,679→ 0 total→ Common Stock, $1.00 Par Value (16,679 underlying) - Exercise/Conversion
Common Stock, $1.00 Par Value
2016-05-25$43.96/sh+17,143$753,606→ 29,519 total - Tax Payment
Common Stock, $1.00 Par Value
2016-05-25$43.96/sh−7,192$316,160→ 22,327 total - Tax Payment
Common Stock, $1.00 Par Value
2016-05-25$43.96/sh−6,997$307,588→ 32,009 total
Footnotes (3)
- [F1]Each restricted stock unit represents a right to receive without payment one share of Baker Hughes common stock.
- [F2]This 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.
- [F3]This 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.