BAKER HUGHES INC 4
4 · BAKER HUGHES INC · Filed Dec 30, 2016
Insider Transaction Report
Form 4
CRAIN ALAN R JR
Sr Vice President
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-12-29−79,369→ 0 total→ Common Stock, $1.00 Par Value (79,369 underlying) - Exercise/Conversion
Common Stock, $1.00 Par Value
2016-12-29+34,929→ 56,088.748 total - Tax Payment
Common Stock, $1.00 Par Value
2016-12-29$64.71/sh−14,653$948,196→ 41,435.748 total - Exercise/Conversion
Common Stock, $1.00 Par Value
2016-12-29+79,369→ 120,804.748 total - Tax Payment
Common Stock, $1.00 Par Value
2016-12-29$64.71/sh−33,296$2,154,584→ 87,508.748 total - Exercise/Conversion
Restricted Stock Units
2016-12-29−34,929→ 0 total→ Common Stock, $1.00 Par Value (34,929 underlying)
Footnotes (2)
- [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 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 the unvested portion of the reporting person's 2015 and 2016 grants on December 29, 2016.