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BAKER HUGHES a GE Co LLC 4

Accession 0001127602-17-022539

CIK 0000808362operating
View on SEC.govCompany Profile

Filed

Jul 2, 8:00 PM ET

Accepted

Jul 3, 4:21 PM ET

Size

46.0 KB

Accession

0001127602-17-022539

Insider Transaction Report

Form 4
Period: 2017-07-03
BAKER HUGHES a GE Co LLCBHI
Martin Jay G
Vice President
Transactions
  • Award

    Common Stock, $1.00 Par Value

    2017-06-19$47.87/sh+104.445$5,000→ 21,451.504 total
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−1,461→ 0 total
    Exercise: $82.28Exp: 2017-07-25→ Common Stock, $1.00 Par Value (1,461 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−3,090→ 0 total
    Exercise: $62.32Exp: 2021-01-26→ Common Stock, $1.00 Par Value (3,090 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−4,844→ 0 total
    Exercise: $56.73Exp: 2024-01-22→ Common Stock, $1.00 Par Value (4,844 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2017-07-03−8,713→ 0 total
    → Common Stock, $1.00 Par Value (8,713 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−5,102→ 0 total
    Exercise: $47.44Exp: 2022-01-25→ Common Stock, $1.00 Par Value (5,102 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2017-07-03−4,228→ 0 total
    → Common Stock, $1.00 Par Value (4,228 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−4,000→ 0 total
    Exercise: $39.30Exp: 2022-07-16→ Common Stock, $1.00 Par Value (4,000 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−6,961→ 0 total
    Exercise: $47.75Exp: 2023-07-24→ Common Stock, $1.00 Par Value (6,961 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2017-07-03−3,033→ 0 total
    → Common Stock, $1.00 Par Value (3,033 underlying)
  • Award

    Restricted Stock Units

    2017-01-25+4,227→ 4,227 total
    → Common Stock, $1.00 Par Value (4,227 underlying)
  • Disposition to Issuer

    Common Stock, $1.00 Par Value

    2017-07-03−21,451.504→ 0 total
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−1,482→ 0 total
    Exercise: $77.20Exp: 2018-08-11→ Common Stock, $1.00 Par Value (1,482 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−2,267→ 0 total
    Exercise: $47.28Exp: 2020-01-19→ Common Stock, $1.00 Par Value (2,267 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−6,514→ 0 total
    Exercise: $45.21Exp: 2023-01-24→ Common Stock, $1.00 Par Value (6,514 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−3,781→ 0 total
    Exercise: $72.70Exp: 2024-07-14→ Common Stock, $1.00 Par Value (3,781 underlying)
  • Disposition to Issuer

    Restricted Stock Units

    2017-07-03−4,227→ 0 total
    → Common Stock, $1.00 Par Value (4,227 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−1,629→ 0 total
    Exercise: $69.92Exp: 2018-01-23→ Common Stock, $1.00 Par Value (1,629 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−3,300→ 0 total
    Exercise: $49.17Exp: 2020-07-21→ Common Stock, $1.00 Par Value (3,300 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-07-03−2,500→ 0 total
    Exercise: $77.00Exp: 2021-07-19→ Common Stock, $1.00 Par Value (2,500 underlying)
Footnotes (6)
  • [F1]Acquisition under Employee Stock Purchase Plan exempt from Section 16 of the Securities Exchange Act of 1934 by Rule 16b-3.
  • [F2]On the closing date (the "Closing Date") of the transactions contemplated by the Transaction Agreement and Plan of Merger, dated as of October 30, 2016, among General Electric Company, a New York corporation, Baker Hughes Incorporated, a Delaware corporation ("BHI"), the Issuer and certain subsidiaries of BHI, as amended by that certain Amendment to Transaction Agreement and Plan of Merger dated as of March 27, 2017 (the "Transaction Agreement"), each outstanding share of common stock of the Issuer ("BHI Common Stock"), whether restricted or unrestricted, was cancelled and converted into the right to receive (a) one share of Class A common stock of Baker Hughes, a GE Company ("BHGE Common Stock") and (b) a special one-time cash dividend of $17.50 per share of BHGE Common Stock (the "Special Dividend").
  • [F3]Pursuant to the Transaction Agreement, on the Closing Date, each outstanding option to purchase shares of BHI Common Stock (each, a "BHI Option"), whether or not exercisable, was cancelled and converted into a fully exercisable option to purchase an equal number of shares of BHGE Common Stock, with a per share exercise price equal to the per share exercise price of such BHI Option less $17.50 to reflect the Special Dividend, and otherwise with the same terms and conditions as applied to such BHI Option immediately prior to the Closing Date.
  • [F4]Prior to the Closing Date, each restricted stock unit represented a contingent right to one share of BHI Common Stock (each, a "BHI RSU"). Pursuant to the Transaction Agreement, on the Closing Date, each outstanding BHI RSU was cancelled and converted into a restricted stock unit with respect to a share of BHGE Common Stock, with the same terms and conditions as applied to such BHI RSU immediately prior to the Closing Date (including the right with respect to the Special Dividend).
  • [F5]At the time of grant on 1/25/2017, each restricted stock unit represented a right to receive without payment one share of Baker Hughes common stock.
  • [F6]At the time of grant on 1/25/2017, the restricted stock unit was scheduled to vest three years from the date of grant.

Documents

1 file

Issuer

BAKER HUGHES a GE Co LLC

CIK 0000808362

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Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000808362

Filing Metadata

Form type
4
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 4:21 PM ET
Size
46.0 KB
View on SEC.gov