General Electric Co - Aug 3, 2021 Form 4 Insider Report for Baker Hughes Co (BKR)

Role: Director, 10%+ Owner
Signature: /s/ Christoph A. Pereira, Authorized Signatory
Stock symbol: BKR
Transactions as of: Aug 3, 2021
Transactions value $: -$1,254,900,134
Form type: 4
Date filed: 8/4/2021, 06:03 AM
Previous filing: May 19, 2021
Next filing: Oct 6, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKR	Class A Common Stock	Sale	-$1.25B	-53.7M	-100%	$23.36	0	Aug 3, 2021	See footnote	F1, F2
transaction	BKR	Class B Common Stock	Options Exercise		-35.3M	-16.49%		179M	Aug 3, 2021	See footnote	F2, F3
transaction	BKR	Class A Common Stock	Options Exercise		+35.3M			35.3M	Aug 3, 2021	See footnote	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BKR	Common Unit	Options Exercise		-35.3M	-16.49%		179M	Aug 3, 2021	Class A Common Stock	35.3M		See footnote	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
F2	The Reporting Person holds these securities through a wholly-owned subsidiary.
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.
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).