Low Mark S 4
4 · Babcock & Wilcox Enterprises, Inc. · Filed Aug 16, 2018
Insider Transaction Report
Form 4
Low Mark S
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2018-08-14+38,689→ 60,314 total - Disposition to Issuer
Common Stock
2018-08-14$2.18/sh−38,689$84,342→ 21,625 total - Exercise/Conversion
Performance Units
2018-08-14−38,689→ 0 totalExp: 2018-08-14→ Common Stock (38,689 underlying)
Holdings
- 663(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Each cash-settled performance unit ("CPU") is the economic equivalent of one share of BW common stock.
- [F2]Each CPU represents the right to receive an amount in cash equal to the "measurement value" of our stock at the time of vesting. Generally, the measurement value is detemined based on the average fair market value of our stock for the 30-day period immediately preceding the vesting date. However, the measurement value will be no less than 75% of the market value of our stock determined as of the grant date of August 14, 2017, and no greater than 150% of the value of our stock determined as of the grant date.
- [F3]Based on number of units held in the BW Thrift Plan and the fair market value of BW common stock as of July 2, 2018.
- [F4]CPUs vest in two installments as follows: 40% on 02/14/2018; 60% on 08/14/2018.