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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 05/25/2016 | M | 17,143 | (2) | (2) | Common Stock, $1.00 Par Value | 17,143 | $ 0 | 0 | D | ||||
Restricted Stock Units | (1) | 05/25/2016 | M | 16,679 | (3) | (3) | Common Stock, $1.00 Par Value | 16,679 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Esparza Andrew c 2929 ALLEN PARKWAY SUITE 2100 HOUSTON, TX 77019 |
Vice President |
/s/ Lee Whitley, Attorney-in-Fact | 05/27/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | Each restricted stock unit represents a right to receive without payment one share of Baker Hughes common stock. |
(2) | 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 two 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 grant on May 25, 2016. |
(3) | 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 one-third of the unvested portion of the reporting person's 2016 grant on May 25, 2016. The remaining two-thirds of the grant will be forfeited. |