FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

McKinney Robert P.

2. Date of Event Requiring Statement (MM/DD/YYYY)
8/5/2019 

3. Issuer Name and Ticker or Trading Symbol

Babcock & Wilcox Enterprises, Inc. [BW]

(Last)        (First)        (Middle)

20 S. VAN BUREN AVENUE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
SVP, GC & Corp. Secy. /

(Street)

BARBERTON, OH 44203       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   202   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to purchase)     (1) 3/2/2015   Common Stock   1476   $132.70   D  
 
Stock Option (right to purchase)     (1) 3/1/2026   Common Stock   712   $137.60   D  
 
Stock Option (right to purchase)     (1) 3/6/2028   Common Stock   1658   $41.70   D  
 
Performance Stock Unit   3/3/2020   (2) 3/3/2020   Common Stock   1116   $0   D  
 
Restricted Stock Unit     (3) 3/3/2020   Common Stock   250   $0   D  
 
Restricted Stock Unit     (4) 8/14/2020   Common Stock   7145   $0   D  
 

Explanation of Responses:
(1)  Stock options are fully vested.
(2)  100% of PSUs vest on March 3, 2020 if certain performance criteria is met in accordance with the terms of the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. Each performance stock unit represents a contingent right to receive one share of BW common stock.
(3)  Pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan each restricted stock unit represents a contingent right to receive one share of BW common stock.RSUs vest on March 3, 2020.
(4)  Pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan each restricted stock unit represents a contingent right to receive one share of BW common stock. RSUs vest 50% on August 14, 2019 and the remaining 50% vest on August 14, 2020.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
McKinney Robert P.
20 S. VAN BUREN AVENUE
BARBERTON, OH 44203


SVP, GC & Corp. Secy.

Signatures
Robert P. McKinney, by Robert Flemma, Jr., attorney-in-fact 8/15/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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