GENERAL ELECTRIC CO - 03 Aug 2021 Form 4 Insider Report for Baker Hughes Co (BKR)

Role
Director, 10%+ Owner
Signature
/s/ Christoph A. Pereira, Authorized Signatory
Issuer symbol
BKR
Transactions as of
03 Aug 2021
Net transactions value
-$1,254,900,134
Form type
4
Filing time
04 Aug 2021, 06:03:33 UTC
Previous filing
19 May 2021
Next filing
06 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKR Class A Common Stock Sale $1,254,900,134 -53,720,040 -100% $23.36 0 03 Aug 2021 See footnote F1, F2
transaction BKR Class B Common Stock Options Exercise -35,300,718 -16% 178,726,179 03 Aug 2021 See footnote F2, F3
transaction BKR Class A Common Stock Options Exercise +35,300,718 35,300,718 03 Aug 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 -35,300,718 -16% 178,726,179 03 Aug 2021 Class A Common Stock 35,300,718 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).