FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF
SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or
Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person * | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer |
(Check all applicable) |
GENERAL ELECTRIC CO | Baker Hughes a GE Co [ BHGE ] | __X__ Director | __X__ 10% Owner |
(Last) | (First) | (Middle) | 3. Date of Earliest Transaction (MM/DD/YYYY) |
_____ Officer (give title below) | _____ Other (specify below) | ||
41 FARNSWORTH STREET | 9/16/2019 | |||||||||||||||||||||||||||
(Street) | 4. If Amendment, Date Original Filed (MM/DD/YYYY) | 6. Individual or Joint/Group Filing (Check Applicable Line) | ||||||||||||||||||||||||||
BOSTON, MA 02210 | _X _ Form filed by One Reporting Person | |||||||||||||||||||||||||||
(City) | (State) | (Zip) | ___ Form filed by More than One Reporting Person | |||||||||||||||||||||||||
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||||||||||||||||||||
1.Title of Security | 2. Trans. Date | 2A. Deemed | 3. Trans. Code | 4. Securities Acquired (A) or | 5. Amount of Securities Beneficially Owned | 6. | 7. Nature of | |||||||||||||||||||||
(Instr. 3) | Execution | (Instr. 8) | Disposed of (D) | Following Reported Transaction(s) | Ownership | Indirect | ||||||||||||||||||||||
Date, if any | (Instr. 3, 4 and 5) | (Instr. 3 and 4) | Form: | Beneficial | ||||||||||||||||||||||||
Direct (D) | Ownership | |||||||||||||||||||||||||||
or Indirect | (Instr. 4) | |||||||||||||||||||||||||||
(A) or | (I) (Instr. | |||||||||||||||||||||||||||
Code | V | Amount | (D) | Price | 4) | |||||||||||||||||||||||
Class B Common Stock | 9/16/2019 | M | 23369778 | D | (1) | 0 | D | |||||||||||||||||||||
Class A Common Stock | 9/16/2019 | M | 23369778 | A | (1) | 23369778 | D | |||||||||||||||||||||
Class A Common Stock | 9/16/2019 | S | 23369778 | D | $21.07 | 0 | D | |||||||||||||||||||||
Class B Common Stock | 9/16/2019 | M | 108880222 | D | (1) | 389293095 | I | See | ||||||||||||||||||||
footnote (3) | ||||||||||||||||||||||||||||
Class A Common Stock | 9/16/2019 | M | 108880222 | A | (1) | 108880222 | I | See | ||||||||||||||||||||
footnote (3) | ||||||||||||||||||||||||||||
Class A Common Stock | 9/16/2019 | S | 108880222 | D | $21.07 | 0 | I | See | ||||||||||||||||||||
footnote (3) | ||||||||||||||||||||||||||||
Class B Common Stock | 9/16/2019 | D | 11865211 | D | (2) | 377427884 | I | See | ||||||||||||||||||||
footnote (3) | ||||||||||||||||||||||||||||
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | ||||||||||||||||||||||||||||
1. Title of | 2. | 3. Trans. | 3A. Deemed | 4. Trans. | 5. Number of | 6. Date Exercisable and | 7. Title and Amount of | 8. Price of | 9. Number of | 10. | 11. Nature | |||||||||||||||||
Derivate Security | Conversion | Date | Execution | Code | Derivative Securities | Expiration Date | Securities Underlying | Derivative | derivative | Ownership | of Indirect | |||||||||||||||||
(Instr. 3) | or Exercise | Date, if any | (Instr. 8) | Acquired (A) or | Derivative Security | Security | Securities | Form of | Beneficial | |||||||||||||||||||
Price of | Disposed of (D) | (Instr. 3 and 4) | (Instr. 5) | Beneficially | Derivative | Ownership | ||||||||||||||||||||||
Derivative | (Instr. 3, 4 and 5) | Owned | Security: | (Instr. 4) | ||||||||||||||||||||||||
Security | Following | Direct (D) | ||||||||||||||||||||||||||
Amount or | ||||||||||||||||||||||||||||
Date | Expiration | Reported | or Indirect | |||||||||||||||||||||||||
Code | V | (A) | (D) | Exercisable | Date | Title | Number of | Transaction(s) | (I) (Instr. | |||||||||||||||||||
Shares | (Instr. 4) | 4) | ||||||||||||||||||||||||||
Common Unit | (1) | 9/16/2019 | M | 23369778 | (1) | (1) | Class A | 23369778 | (4) | 0 | D | |||||||||||||||||
Common | ||||||||||||||||||||||||||||
Stock | ||||||||||||||||||||||||||||
(1) | (1) | (1) | Class A | (4) | See | |||||||||||||||||||||||
Common Unit | 9/16/2019 | M | 108880222 | Common | 108880222 | 389293095 | I | |||||||||||||||||||||
footnote (3) | ||||||||||||||||||||||||||||
Stock | ||||||||||||||||||||||||||||
(2) | (2) | (2) | Class A | (4) | See | |||||||||||||||||||||||
Common Unit | 9/16/2019 | D | 11865211 | Common | 11865211 | 377427884 | I | |||||||||||||||||||||
footnote (3) | ||||||||||||||||||||||||||||
Stock | ||||||||||||||||||||||||||||
Explanation of Responses:
- Each share of Class B Common Stock, together with a Common Unit of Baker Hughes, a GE company, LLC ("BHGE LLC") (collectively, a "Paired Interest"), is exchangeable for a share of Class A Common Stock. On September 16, 2019, GE and certain wholly-owned subsidiaries completed the sale of 132,250,000 shares of Class A Common Stock (after the exchange of an equal number of Paired Interests into Class A Common Stock) in connection with a previously announced underwritten registered secondary offering of the Issuer's Class A Common Stock.
- In connection with the previously announced repurchase agreement between the Reporting Person, BHGE LLC, and the Issuer, the Issuer has purchased for cash the Paired Interests reported as disposed of on these lines of this Form 4 and the price paid for each such Paired Interest was equal to $21.07 for each Paired Interest.
- The Reporting Person holds these securities through wholly-owned subsidiaries.
- 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).
Reporting Owners
Reporting Owner Name / Address | Relationships | ||||||
Director | 10% Owner | OfficerOther | |||||
GENERAL ELECTRIC CO | |||||||
41 FARNSWORTH STREET | X | X | |||||
BOSTON, MA 02210 | |||||||
Signatures | |||||||
Christoph A. Pereira, Authorized Signatory | 9/16/2019 | ||||||
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
- If the form is filed by more than one reporting person, see Instruction 4(b)(v).
- Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Disclaimer
GE - General Electric Company published this content on 16 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2019 21:11:03 UTC