BAKER HUGHES a GE Co LLC 4
4 · BAKER HUGHES a GE Co LLC · Filed Jul 3, 2017
Insider Transaction Report
Form 4
EASTER WILLIAM H III
Director
Transactions
- Disposition to Issuer
Common Stock, $1.00 Par Value
2017-07-03−9,711→ 0 total - Disposition to Issuer
Restricted Stock Units
2017-07-03−2,751→ 0 total→ Common Stock, $1.00 Par Value (2,751 underlying)
Footnotes (2)
- [F1]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").
- [F2]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).