B. Riley Financial, Inc. - Sep 30, 2021 Form 4 Insider Report for Babcock & Wilcox Enterprises, Inc. (BW)

Role
Director, 10%+ Owner
Signature
B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer
Stock symbol
BW
Transactions as of
Sep 30, 2021
Transactions value $
$0
Form type
4
Date filed
10/29/2021, 09:30 PM
Previous filing
Sep 29, 2021
Next filing
Oct 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BW Common Stock, $0.01 par value per share 13.7M Sep 30, 2021 By BRF Investments, LLC F1, F2, F5
holding BW Common Stock, $0.01 par value per share 11.3M Sep 30, 2021 By B. Riley Securities, Inc. F1, F2, F3, F6
holding BW Common Stock, $0.01 par value per share 176K Sep 30, 2021 Direct F4
holding BW Common Stock, $0.01 par value per share 37.4K Sep 30, 2021 Held in Bryant R. Riley's 401(k) account F1, F3
holding BW Common Stock, $0.01 par value per share 33.4K Sep 30, 2021 By Bryant R. Riley, as UTMA custodian for Charlie Riley F1, F3
holding BW Common Stock, $0.01 par value per share 31.4K Sep 30, 2021 By Bryant R. Riley, as UTMA custodian for Susan Riley F1, F3
holding BW Common Stock, $0.01 par value per share 33.4K Sep 30, 2021 By Bryant R. Riley, as UTMA custodian for Abigail Riley F1, F3
holding BW Common Stock, $0.01 par value per share 33.4K Sep 30, 2021 By Bryant R. Riley, as UTMA custodian for Eloise Riley F1, 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
holding BW Warrants (right to buy) 1.54M Sep 30, 2021 Common Stock 1.54M $0.01 By BRF Investments, LLC F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), and Bryant R. Riley.
F2 BRF is the parent company of BRS. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRS.
F3 Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRS. Each of BRF, BRS, and Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein.
F4 Represents shares held directly by Bryant R. Riley.
F5 Represents shares and warrants previously held directly by BRF and subsequently transferred to BRFI.
F6 Represents shares previously held directly by BRF and subsequently transferred to BRS.

Remarks:

As of September 30, 2021, by virtue of the removal of any trading and voting power authority in any capacity of BRF, B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley over the assets of BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), BRF, BRCM and Bryant R. Riley no longer may be deemed to beneficially own the shares held by BRPLP.