Amended Statement of Changes in Beneficial Ownership (4/a)
September 10 2020 - 3:02PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
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1. Name and Address of Reporting Person
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B. Riley Financial, Inc. |
2. Issuer Name and Ticker or Trading Symbol
Babcock & Wilcox Enterprises, Inc.
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BW
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
11100 SANTA MONICA BLVD, SUITE 800 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/4/2020 |
(Street)
LOS ANGELES, CA 90025
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
9/8/2020 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, $0.01 par value per share | 9/4/2020 | | P | | 2040816 | A | $2.45 | 7916430 | D | |
Common Stock, $0.01 par value per share | | | | | | | | 2003886 | I | By B. Riley Securities, Inc. (1)(2) |
Common Stock, $0.01 par value per share | | | | | | | | 1936958 | I | By BRC Partners Opportunity Fund, L.P. (1)(2) |
Common Stock, $0.01 par value per share | | | | | | | | 176424 | D (3) | |
Common Stock, $0.01 par value per share | | | | | | | | 37353 | I | Held in Bryant R. Riley's 401(k) account (1)(2) |
Common Stock, $0.01 par value per share | | | | | | | | 33402 | I | By Bryant R. Riley, as UTMA custodian for Charlie Riley (1)(2) |
Common Stock, $0.01 par value per share | | | | | | | | 31416 | I | By Bryant R. Riley, as UTMA custodian for Susan Riley (1)(2) |
Common Stock, $0.01 par value per share | | | | | | | | 33402 | I | By Bryant R. Riley, as UTMA custodian for Abigail Riley (1)(2) |
Common Stock, $0.01 par value per share | | | | | | | | 33404 | I | By Bryant R. Riley, as UTMA custodian for Eloise Riley (1)(2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | This Form 4 is being filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF") and Bryant R. Riley. BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), is a subsidiary of B. Riley Capital Management, LLC, a New York limited liability company and registered investment advisor ("BRCM"), and is the general partner of BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"). BRF is the parent company of BRCM. As a result, BRF and BRCM may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of B. Riley Securities, Inc., a Delaware corporation ("BRS"). As a result, BRF may be deemed to indirectly beneficially own the shares held by BRS. |
(2) | Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. Accordingly, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock held by BRPLP and BRS. Each of Bryant R. Riley, BRF, BRS, BRPGP, BRCM and BRPLP disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein. |
(3) | Represents shares held directly by Bryant R. Riley. |
Remarks: This Form 4 amends and restates in its entirety the Form 4 filed jointly by BRF, BRS and Bryant R. Riley on September 8, 2020 (the "Original Form 4"). The purpose of this Form 4 is to correct the Original Form 4 by amending the Form of Ownership of the September 4, 2020 transaction from indirect to direct. This correction does not affect the aggregate ownership of the Reporting Owners as a whole. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
B. Riley Financial, Inc. 11100 SANTA MONICA BLVD, SUITE 800 LOS ANGELES, CA 90025 | X | X |
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RILEY BRYANT R 11100 SANTA MONICA BLVD., SUITE 800 LOS ANGELES,, CA 90025 | X | X |
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Signatures
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B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer | | 9/10/2020 |
**Signature of Reporting Person | Date |
Bryant R. Riley | | 9/10/2020 |
**Signature of Reporting Person | Date |
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