Form Type: 4

SEC EDGAR Link
Acccession Number:0000921895-19-002208
Date:2019-08-09
Issuer: BABCOCK & WILCOX ENTERPRISES, INC. (BW)
Original Submission Date:

Reporting Person:

STEEL PARTNERS HOLDINGS L.P.
590 MADISON AVENUE, 32ND FLOOR
NEW YORK, NY 10022

Reporting Person:

SPH GROUP LLC
C/O STEEL PARTNERS HOLDINGS L.P.
590 MADISON AVENUE, 32ND FLOOR NEW YORK, NY 10022

Reporting Person:

SPH GROUP HOLDINGS LLC
C/O STEEL PARTNERS HOLDINGS L.P.
590 MADISON AVENUE, 32ND FLOOR NEW YORK, NY 10022

Reporting Person:

STEEL PARTNERS HOLDINGS GP INC.
590 MADISON AVENUE
32ND FLOOR NEW YORK, NY 10022

Reporting Person:

STEEL EXCEL INC.
C/O STEEL PARTNERS HOLDINGS L.P.
590 MADISON AVENUE, 32ND FLOOR NEW YORK, NY 10022

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, PAR VALUE $0.01 2019-08-09 S 9,373 d $3.71 5,669,819 indirect f2
COMMON STOCK, PAR VALUE $0.01 2019-08-12 S 5,800 d $3.70 5,664,019 indirect f2
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 this form 4 is filed jointly by steel partners holdings l.p. ("steel holdings"), sph group llc ("sphg"), sph group holdings llc ("sphg holdings"), steel partners holdings gp inc. ("steel holdings gp") and steel excel inc. ("steel excel") (collectively, the "reporting persons"). steel holdings owns 99% of the membership interests of sphg. sphg is the sole member of sphg holdings. steel holdings gp is the general partner of steel holdings, the managing member of sphg and the manager of sphg holdings. sphg holdings owns 100% of the outstanding shares of common stock of steel excel. each of the reporting persons may be deemed to be a member of a section 13(d) group that collectively owns more than 10% of the issuer's outstanding shares of common stock.
f2 represents securities owned directly by steel excel. by virtue of their relationships with steel excel discussed in footnote 1, each of steel holdings, sphg, sphg holdings and steel holdings gp may be deemed to beneficially own the securities owned directly by steel excel. each of steel holdings, sphg, sphg holdings and steel holdings gp disclaims beneficial ownership of the securities owned directly by steel excel, except to the extent of its pecuniary interest therein.

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