BW

SEC source: 0000899243-20-022569 · doc4.xml · nonDerivative · entry 3

Morgan Jimmy B · CIK 0001681626 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,942

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-20-022567 · doc4.xml · derivative · entry 3

Dziewisz John J · CIK 0001801550 · SVP & Corp. Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,667

Underlying: Common Stock · 13,333 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.

F2 · derivative.exercise_date: RSUs vest in three equal installments beginning on August 13, 2020.

F2 · derivative.expiration_date: RSUs vest in three equal installments beginning on August 13, 2020.

SEC source: 0000899243-20-022567 · doc4.xml · nonDerivative · entry 2

Dziewisz John J · CIK 0001801550 · SVP & Corp. Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,051

SEC source: 0000899243-20-022567 · doc4.xml · nonDerivative · entry 1

Dziewisz John J · CIK 0001801550 · SVP & Corp. Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,094

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-20-022569 · doc4.xml · derivative · entry 5

Morgan Jimmy B · CIK 0001681626 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Common Stock · 50,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.

F2 · derivative.exercise_date: RSUs vest in three equal annual installments beginning August 13, 2020.

F2 · derivative.expiration_date: RSUs vest in three equal annual installments beginning August 13, 2020.

SEC source: 0000899243-20-022569 · doc4.xml · nonDerivative · entry 2

Morgan Jimmy B · CIK 0001681626 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,869

SEC source: 0000899243-20-022569 · doc4.xml · nonDerivative · entry 1

Morgan Jimmy B · CIK 0001681626 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,044

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001213900-20-016563 · ownership.xml · derivative · entry 12

B. Riley Financial, Inc. · CIK 0001464790 · Director · 10% owner

BRC Partners Opportunity Fund, LP · CIK 0001642765 · 10% owner

BRC Partners Management GP, LLC · CIK 0001749420 · 10% owner

B. RILEY CAPITAL MANAGEMENT, LLC · CIK 0001658704 · 10% owner

B. Riley FBR, Inc. · CIK 0001505748 · 10% owner

RILEY BRYANT R · CIK 0001207269 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By BRC Partners Opportunity Fund, L.P.

Disclosed balance after: Not disclosed

Underlying: Common Stock, $0.01 par value per share · 76,069 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · kind: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.exercise_date: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.expiration_date: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.underlying_shares: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F2 · ownership.direct: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.direct: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

F2 · ownership.nature: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.nature: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

SEC source: 0001213900-20-016563 · ownership.xml · derivative · entry 11

B. Riley Financial, Inc. · CIK 0001464790 · Director · 10% owner

BRC Partners Opportunity Fund, LP · CIK 0001642765 · 10% owner

BRC Partners Management GP, LLC · CIK 0001749420 · 10% owner

B. RILEY CAPITAL MANAGEMENT, LLC · CIK 0001658704 · 10% owner

B. Riley FBR, Inc. · CIK 0001505748 · 10% owner

RILEY BRYANT R · CIK 0001207269 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By B. Riley FBR, Inc.

Disclosed balance after: Not disclosed

Underlying: Common Stock, $0.01 par value per share · 144,463 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · kind: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.exercise_date: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.expiration_date: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.underlying_shares: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F2 · ownership.direct: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.direct: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

F2 · ownership.nature: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.nature: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

SEC source: 0001213900-20-016563 · ownership.xml · derivative · entry 10

B. Riley Financial, Inc. · CIK 0001464790 · Director · 10% owner

BRC Partners Opportunity Fund, LP · CIK 0001642765 · 10% owner

BRC Partners Management GP, LLC · CIK 0001749420 · 10% owner

B. RILEY CAPITAL MANAGEMENT, LLC · CIK 0001658704 · 10% owner

B. Riley FBR, Inc. · CIK 0001505748 · 10% owner

RILEY BRYANT R · CIK 0001207269 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock, $0.01 par value per share · 971,839 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · kind: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.exercise_date: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.expiration_date: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · derivative.underlying_shares: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

SEC source: 0001213900-20-016563 · ownership.xml · nonDerivative · entry 3

B. Riley Financial, Inc. · CIK 0001464790 · Director · 10% owner

BRC Partners Opportunity Fund, LP · CIK 0001642765 · 10% owner

BRC Partners Management GP, LLC · CIK 0001749420 · 10% owner

B. RILEY CAPITAL MANAGEMENT, LLC · CIK 0001658704 · 10% owner

B. Riley FBR, Inc. · CIK 0001505748 · 10% owner

RILEY BRYANT R · CIK 0001207269 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By BRC Partners Opportunity Fund, L.P.

Disclosed balance after: 1,936,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · shares: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · balance_after: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F2 · ownership.direct: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.direct: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

F2 · ownership.nature: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.nature: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

SEC source: 0001213900-20-016563 · ownership.xml · nonDerivative · entry 2

B. Riley Financial, Inc. · CIK 0001464790 · Director · 10% owner

BRC Partners Opportunity Fund, LP · CIK 0001642765 · 10% owner

BRC Partners Management GP, LLC · CIK 0001749420 · 10% owner

B. RILEY CAPITAL MANAGEMENT, LLC · CIK 0001658704 · 10% owner

B. Riley FBR, Inc. · CIK 0001505748 · 10% owner

RILEY BRYANT R · CIK 0001207269 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By B. Riley FBR, Inc.

Disclosed balance after: 2,003,886

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · shares: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · balance_after: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F2 · ownership.direct: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.direct: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

F2 · ownership.nature: This Form 4 is being filed jointly by BRF, BRFBR, BRPLP, BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRFBR.

F3 · ownership.nature: 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 BRF, BRFBR and BRPLP. Each of BRF, BRFBR, BRPGP, BRCM and BRPLP (collectively, the "B. Riley Entities") 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.

SEC source: 0001213900-20-016563 · ownership.xml · nonDerivative · entry 1

B. Riley Financial, Inc. · CIK 0001464790 · Director · 10% owner

BRC Partners Opportunity Fund, LP · CIK 0001642765 · 10% owner

BRC Partners Management GP, LLC · CIK 0001749420 · 10% owner

B. RILEY CAPITAL MANAGEMENT, LLC · CIK 0001658704 · 10% owner

B. Riley FBR, Inc. · CIK 0001505748 · 10% owner

RILEY BRYANT R · CIK 0001207269 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,875,614

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · shares: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

F1 · balance_after: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 30, 2020, the Issuer issued 971,839 shares of its common stock, par value $0.01 (the "Common Stock") to BRF, 144,463 shares of Common Stock to BRFBR and 76,069 shares of Common Stock to BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), in each case in satisfaction of payment of Interest Payments (as defined in the Equitization Agreement) for the period from May 14, 2020 to June 30, 2020, representing a price of $2.2774 per share of Common Stock.

SEC source: 0001213900-20-014641 · ownership.xml · nonDerivative · entry 1

B. Riley Financial, Inc. · CIK 0001464790 · Director · 10% owner

RILEY BRYANT R · CIK 0001207269 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,903,775

F1 · kind: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 8, 2020, the Issuer issued 1,712,479 shares of its common stock, par value $0.01 (the "Common Stock") to BRF in satisfaction of payment of the Fee Payment (as defined in the Equitization Agreement), representing a price of $2.2774 per share of Common Stock. Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. Accordingly, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRF. Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock directly held by BRF, except to the extent of his pecuniary interest therein.

F1 · shares: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 8, 2020, the Issuer issued 1,712,479 shares of its common stock, par value $0.01 (the "Common Stock") to BRF in satisfaction of payment of the Fee Payment (as defined in the Equitization Agreement), representing a price of $2.2774 per share of Common Stock. Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. Accordingly, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRF. Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock directly held by BRF, except to the extent of his pecuniary interest therein.

F1 · price: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 8, 2020, the Issuer issued 1,712,479 shares of its common stock, par value $0.01 (the "Common Stock") to BRF in satisfaction of payment of the Fee Payment (as defined in the Equitization Agreement), representing a price of $2.2774 per share of Common Stock. Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. Accordingly, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRF. Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock directly held by BRF, except to the extent of his pecuniary interest therein.

F1 · balance_after: Pursuant to the Fee and Interest Equitization Agreement (the "Equitization Agreement"), dated as of May 14, 2020, by and among Babcock & Wilcox Enterprises, Inc. (the "Issuer"), B. Riley Financial, Inc., a Delaware corporation ("BRF") and, solely for limited purposes, B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), on June 8, 2020, the Issuer issued 1,712,479 shares of its common stock, par value $0.01 (the "Common Stock") to BRF in satisfaction of payment of the Fee Payment (as defined in the Equitization Agreement), representing a price of $2.2774 per share of Common Stock. Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. Accordingly, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRF. Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock directly held by BRF, except to the extent of his pecuniary interest therein.

SEC source: 0001213900-20-014195 · ownership.xml · nonDerivative · entry 1

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 176,424

SEC source: 0000899243-20-015781 · doc4.xml · nonDerivative · entry 1

Young Kenneth M · CIK 0001365572 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · See Note

Disclosed balance after: 20,000

F1 · price: The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.64 to $2.70, inclusive. The reporting person undertakes to provide full information regarding the number of shares purchased at a particular price upon request from SEC staff, the issuer or a shareholder of issuer.

F2 · price: Held of record by the Kenneth M. Young Revocable Trust U/A 5/8/15.

F2 · ownership.nature: Held of record by the Kenneth M. Young Revocable Trust U/A 5/8/15.

SEC source: 0000899243-20-013894 · doc4.xml · nonDerivative · entry 1

Salamone Louis Jr · CIK 0001360840 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,842

F1 · balance_after: On July 24, 2019, the Issuer completed a one-for-ten reverse stock split of the Issuer's common stock. This amount has been adjusted to give effect to this reverse stock split.

SEC source: 0000899243-20-012069 · doc4.xml · derivative · entry 3

Dziewisz John J · CIK 0001801550 · SVP & Corp. Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 192 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.

F2 · derivative.exercise_date: RSUs vest in three equal installments beginning on March 3, 2018.

F2 · derivative.expiration_date: RSUs vest in three equal installments beginning on March 3, 2018.

SEC source: 0000899243-20-012069 · doc4.xml · nonDerivative · entry 2

Dziewisz John J · CIK 0001801550 · SVP & Corp. Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 761

SEC source: 0000899243-20-012069 · doc4.xml · nonDerivative · entry 1

Dziewisz John J · CIK 0001801550 · SVP & Corp. Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 779

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-20-012065 · doc4.xml · derivative · entry 3

Morgan Jimmy B · CIK 0001681626 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 624 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.

F2 · derivative.exercise_date: RSUs vest in three equal annual installments beginning August 3, 2018.

F2 · derivative.expiration_date: RSUs vest in three equal annual installments beginning August 3, 2018.

SEC source: 0000899243-20-012065 · doc4.xml · nonDerivative · entry 2

Morgan Jimmy B · CIK 0001681626 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,044

SEC source: 0000899243-20-012065 · doc4.xml · nonDerivative · entry 1

Morgan Jimmy B · CIK 0001681626 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,266

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-20-002862 · doc4.xml · derivative · entry 1

Dziewisz John J · CIK 0001801550 · SVP & Corp. Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,000

Underlying: Common Stock · 40,000 shares

Expires 2022-02-01

F1 · derivative.exercise_price: Pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan each restricted stock unit represents a contingent right to receive one share of BW common stock.

F2 · derivative.exercise_date: RSUs vest in two annual installments beginning on February 1, 2021.

SEC source: 0000899243-20-012056 · doc4.xml · derivative · entry 3

Bartoli Henry E · CIK 0001726956 · Director · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 50,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.

F2 · derivative.exercise_date: All restricted stock units vested on November 19, 2019.

F2 · derivative.expiration_date: All restricted stock units vested on November 19, 2019.

SEC source: 0000899243-20-012056 · doc4.xml · nonDerivative · entry 2

Bartoli Henry E · CIK 0001726956 · Director · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,319

SEC source: 0000899243-20-012056 · doc4.xml · nonDerivative · entry 1

Bartoli Henry E · CIK 0001726956 · Director · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,128

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001681626-19-000006 · edgar.xml · derivative · entry 1

Morgan Jimmy B · CIK 0001681626 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Common Stock · 25,000 shares

Expires 2021-10-08

F1 · derivative.exercise_price: Grant of restricted stock units pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of BW common stock.

F2 · derivative.exercise_date: All the restricted stock units vest on October 8, 2021

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 8

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Susan Riley

Disclosed balance after: 31,416

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 6

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Eloise Riley

Disclosed balance after: 33,404

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 4

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Charlie Riley

Disclosed balance after: 33,402

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 2

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Abigail Riley

Disclosed balance after: 33,402

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 7

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Susan Riley

Disclosed balance after: 30,661

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 5

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Eloise Riley

Disclosed balance after: 32,648

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 3

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Charlie Riley

Disclosed balance after: 32,647

SEC source: 0001213900-19-017400 · ownership.xml · nonDerivative · entry 1

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Abigail Riley

Disclosed balance after: 32,647

SEC source: 0000921895-19-002320 · form404197070_08232019.xml · nonDerivative · entry 2

STEEL PARTNERS HOLDINGS L.P. · CIK 0001452857 · 10% owner

SPH Group LLC · CIK 0001522067 · 10% owner

SPH Group Holdings LLC · CIK 0001522066 · 10% owner

Steel Partners Holdings GP Inc. · CIK 0001537666 · 10% owner

Steel Excel Inc. · CIK 0000709804 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Steel Excel Inc.

Disclosed balance after: 4,318,270

F1 · security: This Form 4 is filed jointly by Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), Steel Partners Holdings GP Inc. ("Steel Holdings GP") and Steel Excel Inc. ("Steel Excel") (collectively, the "Reporting Persons"). Steel Holdings owns 99% of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owned more than 10% of the Issuer's outstanding shares of Common Stock.

F2 · ownership.nature: Represents securities owned directly by Steel Excel. By virtue of their relationships with Steel Excel discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the securities owned directly by Steel Excel. Each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by Steel Excel, except to the extent of its pecuniary interest therein.

SEC source: 0001213900-19-016518 · ownership.xml · nonDerivative · entry 2

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 134,424

F1 · balance_after: The amount of securities beneficially owned reflects the one-for-ten reverse stock split of Babcock & Wilcox Enterprises, Inc.'s issued and outstanding common stock, which became effective on July 24, 2019.

SEC source: 0000921895-19-002320 · form404197070_08232019.xml · nonDerivative · entry 1

STEEL PARTNERS HOLDINGS L.P. · CIK 0001452857 · 10% owner

SPH Group LLC · CIK 0001522067 · 10% owner

SPH Group Holdings LLC · CIK 0001522066 · 10% owner

Steel Partners Holdings GP Inc. · CIK 0001537666 · 10% owner

Steel Excel Inc. · CIK 0000709804 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Steel Excel Inc.

Disclosed balance after: 4,878,684

F1 · security: This Form 4 is filed jointly by Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), Steel Partners Holdings GP Inc. ("Steel Holdings GP") and Steel Excel Inc. ("Steel Excel") (collectively, the "Reporting Persons"). Steel Holdings owns 99% of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owned more than 10% of the Issuer's outstanding shares of Common Stock.

F2 · ownership.nature: Represents securities owned directly by Steel Excel. By virtue of their relationships with Steel Excel discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the securities owned directly by Steel Excel. Each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by Steel Excel, except to the extent of its pecuniary interest therein.

SEC source: 0001213900-19-016518 · ownership.xml · nonDerivative · entry 1

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 104,724

F1 · balance_after: The amount of securities beneficially owned reflects the one-for-ten reverse stock split of Babcock & Wilcox Enterprises, Inc.'s issued and outstanding common stock, which became effective on July 24, 2019.

SEC source: 0000921895-19-002295 · form404197070_08202019.xml · nonDerivative · entry 2

STEEL PARTNERS HOLDINGS L.P. · CIK 0001452857 · 10% owner

SPH Group LLC · CIK 0001522067 · 10% owner

SPH Group Holdings LLC · CIK 0001522066 · 10% owner

Steel Partners Holdings GP Inc. · CIK 0001537666 · 10% owner

Steel Excel Inc. · CIK 0000709804 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Steel Excel Inc.

Disclosed balance after: 4,880,459

F1 · security: This Form 4 is filed jointly by Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), Steel Partners Holdings GP Inc. ("Steel Holdings GP") and Steel Excel Inc. ("Steel Excel") (collectively, the "Reporting Persons"). Steel Holdings owns 99% of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock.

F2 · ownership.nature: Represents securities owned directly by Steel Excel. By virtue of their relationships with Steel Excel discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the securities owned directly by Steel Excel. Each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by Steel Excel, except to the extent of its pecuniary interest therein.

SEC source: 0000921895-19-002295 · form404197070_08202019.xml · nonDerivative · entry 1

STEEL PARTNERS HOLDINGS L.P. · CIK 0001452857 · 10% owner

SPH Group LLC · CIK 0001522067 · 10% owner

SPH Group Holdings LLC · CIK 0001522066 · 10% owner

Steel Partners Holdings GP Inc. · CIK 0001537666 · 10% owner

Steel Excel Inc. · CIK 0000709804 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Steel Excel Inc.

Disclosed balance after: 5,005,459

F1 · security: This Form 4 is filed jointly by Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), Steel Partners Holdings GP Inc. ("Steel Holdings GP") and Steel Excel Inc. ("Steel Excel") (collectively, the "Reporting Persons"). Steel Holdings owns 99% of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock.

F2 · ownership.nature: Represents securities owned directly by Steel Excel. By virtue of their relationships with Steel Excel discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the securities owned directly by Steel Excel. Each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by Steel Excel, except to the extent of its pecuniary interest therein.

SEC source: 0000899243-19-021867 · doc4.xml · derivative · entry 4

McKinney Robert P. · CIK 0001434216 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,573

Underlying: Common Stock · 3,572 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.

F3 · derivative.exercise_date: Restricted stock units vest in two equal annual installments beginning on August 14, 2019.

F3 · derivative.expiration_date: Restricted stock units vest in two equal annual installments beginning on August 14, 2019.

SEC source: 0000899243-19-021867 · doc4.xml · nonDerivative · entry 2

McKinney Robert P. · CIK 0001434216 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,735

SEC source: 0000899243-19-021867 · doc4.xml · nonDerivative · entry 1

McKinney Robert P. · CIK 0001434216 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,774

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000899243-19-021847 · doc4.xml · derivative · entry 4

Morgan Jimmy B · CIK 0001681626 · SVP, Babcock & Wilcox

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,074

Underlying: Common Stock · 5,073 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit is granted pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock.

F4 · shares: Reflects an increase of 2,803 restricted stock units (as adjusted for the effect of the reverse stock split described in footnote 1 above) as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan in connection with the issuer's rights offering that expired on April 30, 2018. Amounts of restricted stock units and common stock issuable pursuant thereto also reflect adjustment to give effect to the reverse stock split described in footnote 1 above.

F5 · derivative.exercise_date: Restricted stock units vest in two equal annual installments beginning on August 14, 2019.

F5 · derivative.expiration_date: Restricted stock units vest in two equal annual installments beginning on August 14, 2019.

F4 · derivative.underlying_shares: Reflects an increase of 2,803 restricted stock units (as adjusted for the effect of the reverse stock split described in footnote 1 above) as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan in connection with the issuer's rights offering that expired on April 30, 2018. Amounts of restricted stock units and common stock issuable pursuant thereto also reflect adjustment to give effect to the reverse stock split described in footnote 1 above.

F4 · balance_after: Reflects an increase of 2,803 restricted stock units (as adjusted for the effect of the reverse stock split described in footnote 1 above) as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan in connection with the issuer's rights offering that expired on April 30, 2018. Amounts of restricted stock units and common stock issuable pursuant thereto also reflect adjustment to give effect to the reverse stock split described in footnote 1 above.

SEC source: 0000899243-19-021847 · doc4.xml · nonDerivative · entry 2

Morgan Jimmy B · CIK 0001681626 · SVP, Babcock & Wilcox

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,642

SEC source: 0000899243-19-021847 · doc4.xml · nonDerivative · entry 1

Morgan Jimmy B · CIK 0001681626 · SVP, Babcock & Wilcox

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,232

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: On July 24, 2019, the issuer completed a one-for-ten reverse stock split of the issuer's common stock. This amount has been adjusted to give effect to this reverse stock split.

SEC source: 0001213900-19-015922 · ownership.xml · nonDerivative · entry 8

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Susan Riley

Disclosed balance after: 30,294

F1 · balance_after: The amount of securities beneficially owned reflects the one-for-ten reverse stock split of Babcock & Wilcox Enterprises, Inc.'s issued and outstanding common stock, which became effective on July 24, 2019.

SEC source: 0001213900-19-015922 · ownership.xml · nonDerivative · entry 6

RILEY BRYANT R · CIK 0001207269 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · As UTMA custodian for Eloise Riley

Disclosed balance after: 32,281

F1 · balance_after: The amount of securities beneficially owned reflects the one-for-ten reverse stock split of Babcock & Wilcox Enterprises, Inc.'s issued and outstanding common stock, which became effective on July 24, 2019.