General Electric Co's Form 4 filing
Baker Hughes Co (BKR) · filed Nov 4, 2021
- Accession no.
- 0000947871-21-001139
- Filed
- Nov 4, 2021
- Trade date
- Nov 3, 2021
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.18B. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| General Electric CoCIK 0000040545 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 3, 2021 | Class A Common Stock | SSaleDisposed | −47,380,978 | $25.00F1 | −$1,184,524,450 | 0 | Indirect | |
| Nov 3, 2021 | Class B Common Stock | MOption exerciseDisposed | −50,097,840 | –F3 | – | 116,548,079 | Indirect | |
| Nov 3, 2021 | Class A Common Stock | MOption exerciseAcquired | +50,097,840 | –F3 | – | 50,097,840 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 3, 2021 | Class A Common Stock | MOption exerciseDisposed | −50,097,840 | –F4 | – | 116,548,079 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Reporting Person sold the shares of Class A Common Stock of the Issuer to an unaffiliated financial institution at a price based on the volume weighted average price of Class A Common Stock of the Issuer over the financial institution's hedging period undertaken pursuant to a post-paid forward transaction.
Referenced by the price of 1 transaction in Table I.
- F3
Each share of Class B Common Stock, together with a Common Unit of Baker Hughes Holdings LLC (collectively, a "Paired Interest"), is exchangeable for a share of Class A Common Stock.
Referenced by the price of 2 transactions in Table I.
- F4
The Paired Interests were acquired by the Reporting Person in connection with the transactions described in the prospectus filed by the Issuer on May 30, 2017 pursuant to Rule 424(b)(3).
Referenced by the price of 1 transaction in Table II.