BW

SEC source: 0001707399-18-000013 · edgar.xml · derivative · entry 4

Kass Leslie C · CIK 0001707399 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,259 shares

Expires 2018-07-01

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 · shares: Reflects an increase of 348 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F3 · derivative.exercise_date: 100% of the RSUs vest on July 1, 2018.

SEC source: 0001707399-18-000013 · edgar.xml · nonDerivative · entry 2

Kass Leslie C · CIK 0001707399 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,410

SEC source: 0001707399-18-000013 · edgar.xml · nonDerivative · entry 1

Kass Leslie C · CIK 0001707399 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,909

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: 0001644999-18-000035 · edgar.xml · derivative · entry 5

Hall J. Andre · CIK 0001644999 · SVP & General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,220 shares

Expires 2018-07-01

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.

F4 · shares: Reflects an increase of 337 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F5 · derivative.exercise_date: RSUs vest in three equal annual installments beginning July 1, 2016.

SEC source: 0001644999-18-000035 · edgar.xml · derivative · entry 4

Hall J. Andre · CIK 0001644999 · SVP & General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,776 shares

Expires 2018-07-01

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 · shares: Reflects an increase of 1,043 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F3 · derivative.exercise_date: 100% of the RSUs vest on July 1, 2018.

SEC source: 0001644999-18-000035 · edgar.xml · nonDerivative · entry 2

Hall J. Andre · CIK 0001644999 · SVP & General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,757

SEC source: 0001644999-18-000035 · edgar.xml · nonDerivative · entry 1

Hall J. Andre · CIK 0001644999 · SVP & General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,251

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: 0001144204-18-034294 · tv496463_4.xml · derivative · entry 1

Vintage Capital Management LLC · CIK 0001511498 · Director · 10% owner

KAHN CAPITAL MANAGEMENT LLC · CIK 0001099408 · Director · 10% owner

KAHN BRIAN RANDALL · CIK 0001455976 · Director · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Please see footnote

Disclosed balance after: 36,398

Underlying: Common Stock · 36,398 shares

Expires 2028-06-13

F1 · kind: Grant of stock options pursuant to the Amended and Restated 2015 Long-Term Incentive Plan of Babcock & Wilcox Enterprises, Inc. (the "Issuer").

F2 · derivative.exercise_date: 100% of the stock options vest immediately.

F3 · ownership.nature: In addition to Vintage Capital Management, LLC, a Delaware limited liability company ("Vintage Capital"), this Form 4 is being filed jointly by Kahn Capital Management, LLC, a Delaware limited liability company ("Kahn Capital"), and Brian R. Kahn, a citizen of the United States of America, each of whom has the same business address as Vintage Capital.

F4 · ownership.nature: (Continued from footnote 3) Kahn Capital, as a member and the majority owner of Vintage Capital, may be deemed to have the power to direct the voting and disposition of the shares of the Issuer's Common Stock, par value $0.01 per share (the "Common Stock") beneficially owned by Vintage Capital, and may be deemed to be the indirect beneficial owner of such shares. Kahn Capital disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein. Mr. Kahn, as the manager of each of Vintage Capital and Kahn Capital, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Vintage Capital, and may be deemed to be the indirect beneficial owner of such shares. Mr. Kahn disclaims beneficial ownership of such shares for all other purposes, except to the extent of his pecuniary interest therein.

SEC source: 0001644999-18-000033 · edgar.xml · derivative · entry 1

Pramaggiore Anne R · CIK 0001495639 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,398

Underlying: Common Stock · 36,398 shares

Expires 2028-06-13

F1 · kind: Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: 100% of the stock options vest immediately.

SEC source: 0001644999-18-000031 · edgar.xml · derivative · entry 1

Avril Matthew E · CIK 0001444238 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,398

Underlying: Common Stock · 36,398 shares

Expires 2028-06-13

F1 · kind: Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: 100% of the stock options vest immediately.

SEC source: 0001530419-18-000006 · edgar.xml · derivative · entry 1

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,398

Underlying: Common Stock · 36,398 shares

Expires 2028-06-13

F1 · kind: Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: 100% of the stock options vest immediately.

SEC source: 0001645021-18-000004 · edgar.xml · derivative · entry 1

Dubin Cynthia S · CIK 0001645021 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,398

Underlying: Common Stock · 36,398 shares

Expires 2028-06-13

F1 · kind: Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: 100% of the stock options vest immediately.

SEC source: 0001726956-18-000008 · edgar.xml · derivative · entry 1

Bartoli Henry E · CIK 0001726956 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,398

Underlying: Common Stock · 36,398 shares

Expires 2028-06-13

F1 · kind: Grant of stock options pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: 100% of the stock options vest immediately.

SEC source: 0001644925-18-000013 · edgar.xml · derivative · entry 7

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,392 shares

Expires 2018-06-02

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.

F3 · shares: Reflects an increase of 2,594 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F4 · derivative.exercise_date: 100% of the RSUs vest on June 2, 2018.

F3 · derivative.underlying_shares: Reflects an increase of 2,594 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

SEC source: 0001644925-18-000013 · edgar.xml · nonDerivative · entry 4

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,401

SEC source: 0001644925-18-000013 · edgar.xml · nonDerivative · entry 3

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,227

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: 0001707399-18-000011 · edgar.xml · derivative · entry 4

Kass Leslie C · CIK 0001707399 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,576

Underlying: Common Stock · 2,788 shares

Expires 2020-05-23

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_date: RSUs vest in three equal annual installments beginning May 23, 2018.

F3 · balance_after: Reflects an increase of 2,310 RSU's awarded on May 1, 2018 as a result of an antidilution adjustment pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

SEC source: 0001707399-18-000011 · edgar.xml · nonDerivative · entry 2

Kass Leslie C · CIK 0001707399 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,244

SEC source: 0001707399-18-000011 · edgar.xml · nonDerivative · entry 1

Kass Leslie C · CIK 0001707399 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,082

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: 0001644925-18-000013 · edgar.xml · derivative · entry 6

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 287 shares

Expires 2018-05-01

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: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F1 · shares: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: 100% of the RSUs vested immediately.

SEC source: 0001644925-18-000013 · edgar.xml · derivative · entry 5

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 887 shares

Expires 2018-05-01

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: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F1 · shares: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: 100% of the RSUs vested immediately.

SEC source: 0001644925-18-000013 · edgar.xml · nonDerivative · entry 2

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,835

SEC source: 0001644925-18-000013 · edgar.xml · nonDerivative · entry 1

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,185

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: 0001530419-18-000004 · edgar.xml · derivative · entry 6

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,607

Underlying: Common Stock · 3,482 shares

Expires not disclosed

F1 · kind: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F6 · derivative.exercise_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum two years following termination of service on the Board of Directors.

F6 · derivative.expiration_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum two years following termination of service on the Board of Directors.

SEC source: 0001530419-18-000004 · edgar.xml · derivative · entry 5

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,252

Underlying: Common Stock · 1,727 shares

Expires not disclosed

F1 · kind: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F5 · derivative.exercise_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum one year following termination of service on the Board of Directors.

F5 · derivative.expiration_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum one year following termination of service on the Board of Directors.

SEC source: 0001530419-18-000004 · edgar.xml · derivative · entry 4

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,480

Underlying: Common Stock · 685 shares

Expires not disclosed

F1 · kind: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F4 · derivative.exercise_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum following termination of service on the Board of Directors.

F4 · derivative.expiration_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum following termination of service on the Board of Directors.

SEC source: 0001530419-18-000004 · edgar.xml · derivative · entry 3

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,560

Underlying: Common Stock · 707 shares

Expires not disclosed

F1 · kind: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F3 · derivative.exercise_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum six months following termination of service on the Board of Directors.

F3 · derivative.expiration_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum six months following termination of service on the Board of Directors.

SEC source: 0001530419-18-000004 · edgar.xml · derivative · entry 2

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,759

Underlying: Common Stock · 762 shares

Expires not disclosed

F1 · kind: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F3 · derivative.exercise_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum six months following termination of service on the Board of Directors.

F3 · derivative.expiration_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum six months following termination of service on the Board of Directors.

SEC source: 0001530419-18-000004 · edgar.xml · derivative · entry 1

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,006

Underlying: Common Stock · 830 shares

Expires not disclosed

F1 · kind: RSU's were awarded and immediately vested on May 1, 2018 as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan.

F2 · derivative.exercise_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum upon the earlier to occur of: (a) reporting person's disability; or (b) termination of service on the Board of Directors.

F2 · derivative.expiration_date: RSU's vested immediately. The reporting person elected to defer receipt of shares underlying the RSU's. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum upon the earlier to occur of: (a) reporting person's disability; or (b) termination of service on the Board of Directors.

SEC source: 0001584346-18-000008 · edgar.xml · derivative · entry 7

Carano Mark A · CIK 0001584346 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,521

Underlying: Common Stock · 40 shares

Expires 2018-05-01

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.

F6 · kind: On May 1, 2018, 1,260 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 40 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F6 · shares: On May 1, 2018, 1,260 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 40 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F3 · derivative.exercise_date: 100% of the RSUs vest immediately.

SEC source: 0001584346-18-000008 · edgar.xml · derivative · entry 6

Carano Mark A · CIK 0001584346 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,368

Underlying: Common Stock · 93 shares

Expires 2018-05-01

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.

F5 · kind: On May 1, 2018, 2,889 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 93 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F5 · shares: On May 1, 2018, 2,889 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 93 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F3 · derivative.exercise_date: 100% of the RSUs vest immediately.

SEC source: 0001584346-18-000008 · edgar.xml · derivative · entry 5

Carano Mark A · CIK 0001584346 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,152

Underlying: Common Stock · 100 shares

Expires 2018-05-01

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.

F4 · kind: On May 1, 2018, 3,108 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 100 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F4 · shares: On May 1, 2018, 3,108 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 100 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F3 · derivative.exercise_date: 100% of the RSUs vest immediately.

SEC source: 0001584346-18-000008 · edgar.xml · derivative · entry 4

Carano Mark A · CIK 0001584346 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,254

Underlying: Common Stock · 20 shares

Expires 2018-05-01

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 · kind: On May 1, 2018, 628 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 20 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F2 · shares: On May 1, 2018, 628 RSUs were awarded and immediately vested as a result of an antidilution adjustment made pursuant to the Babcock & Wilcox Enterprises, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The reporting person elected to defer receipt of all shares underlying the RSUs and 20 of the additional shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments beginning six months following termination of employment.

F3 · derivative.exercise_date: 100% of the RSUs vest immediately.

SEC source: 0001584346-18-000008 · edgar.xml · nonDerivative · entry 2

Carano Mark A · CIK 0001584346 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,663

SEC source: 0001584346-18-000008 · edgar.xml · nonDerivative · entry 1

Carano Mark A · CIK 0001584346 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,916

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: 0000921895-18-001545 · form404197070ste_05022018.xml · derivative · entry 3

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: 0

Underlying: Common Stock, par value $0.01 · 19,581,013 shares

Expires 2018-04-30

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.

F5 · shares: Subscription rights acquired by Steel Excel in connection with the Offering. For each share of Common Stock held by a shareholder of the Issuer, such shareholder received one subscription right to purchase 2.8 shares of Common Stock in connection with the Offering.

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: 0000921895-18-001545 · form404197070ste_05022018.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: 29,975,041

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.

F4 · shares: Shares of Common Stock acquired by Steel Excel pursuant to Steel Holdings' previously disclosed agreement with Vintage Capital Management, LLC ("Vintage") to backstop Vintage's obligation under the equity commitment agreement entered into between Vintage and the Issuer with respect to the Offering.

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: 0000921895-18-001545 · form404197070ste_05022018.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: 26,574,232

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.

F3 · shares: Shares of Common Stock acquired by Steel Excel following the exercise of its basic subscription privilege in the Issuer's rights offering (the "Offering").

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: 0000921895-18-001544 · form404197070_05022018.xml · derivative · entry 2

LICHTENSTEIN WARREN G · CIK 0001005784 · See Footnote 1

Steel Partners, Ltd. · CIK 0001504325 · See Footnote 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By Steel Partners Ltd.

Disclosed balance after: 0

Underlying: Common Stock, par value $0.01 · 210,000 shares

Expires 2018-04-30

F1 · security: This Form 4 is filed jointly by Warren G. Lichtenstein and Steel Partners Ltd. ("SPL") (collectively, the "Reporting Persons"). Mr. Lichtenstein is the Chief Executive Officer and a control person of SPL. 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.

F4 · shares: Subscription rights acquired by SPL in connection with the Offering. For each share of Common Stock held by a shareholder of the Issuer, such shareholder received one subscription right to purchase 2.8 shares of Common Stock in connection with the Offering.

F2 · ownership.nature: Represents securities owned directly by SPL. By virtue of his relationship with SPL discussed in Footnote 1, Mr. Lichtenstein may be deemed to beneficially own the securities owned directly by SPL. Mr. Lichtenstein disclaims beneficial ownership of the securities owned directly by SPL, except to the extent of his pecuniary interest therein.

SEC source: 0000921895-18-001544 · form404197070_05022018.xml · nonDerivative · entry 1

LICHTENSTEIN WARREN G · CIK 0001005784 · See Footnote 1

Steel Partners, Ltd. · CIK 0001504325 · See Footnote 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By Steel Partners Ltd.

Disclosed balance after: 285,000

F1 · security: This Form 4 is filed jointly by Warren G. Lichtenstein and Steel Partners Ltd. ("SPL") (collectively, the "Reporting Persons"). Mr. Lichtenstein is the Chief Executive Officer and a control person of SPL. 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.

F3 · shares: Shares of Common Stock acquired by SPL following the exercise of its basic subscription privilege in the Issuer's rights offering (the "Offering").

F2 · ownership.nature: Represents securities owned directly by SPL. By virtue of his relationship with SPL discussed in Footnote 1, Mr. Lichtenstein may be deemed to beneficially own the securities owned directly by SPL. Mr. Lichtenstein disclaims beneficial ownership of the securities owned directly by SPL, except to the extent of his pecuniary interest therein.

SEC source: 0001144204-18-024898 · tv492916_4.xml · nonDerivative · entry 1

Vintage Capital Management LLC · CIK 0001511498 · Director · 10% owner

KAHN CAPITAL MANAGEMENT LLC · CIK 0001099408 · Director · 10% owner

KAHN BRIAN RANDALL · CIK 0001455976 · Director · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Please see footnotes

Disclosed balance after: 25,088,232

F1 · shares: Represents 18,480,000 shares of the common stock, par value $0.01 per share ("Common Stock") of Babcock & Wilcox Enterprises, Inc. (the "Issuer") purchased by Vintage Capital Management, LLC, a Delaware limited liability company ("Vintage Capital") pursuant to its fully-exercised subscription privileges in a rights offering completed by the Issuer on April 30, 2018.

F2 · ownership.nature: In addition to Vintage Capital, this Form 4 is being filed jointly by Kahn Capital Management, LLC, a Delaware limited liability company ("Kahn Capital"), and Brian R. Kahn, a citizen of the United States of America, each of whom has the same business address as Vintage Capital.

F3 · ownership.nature: (Continued from footnote 3) Kahn Capital, as a member and the majority owner of Vintage Capital, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Vintage Capital, and may be deemed to be the indirect beneficial owner of such shares. Kahn Capital disclaims beneficial ownership of such shares for all other purposes, except to the extent of its pecuniary interest therein. Mr. Kahn, as the manager of each of Vintage Capital and Kahn Capital, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Vintage Capital, and may be deemed to be the indirect beneficial owner of such shares. Mr. Kahn disclaims beneficial ownership of such shares for all other purposes, except to the extent of his pecuniary interest therein.

SEC source: 0001707399-18-000009 · edgar.xml · derivative · entry 3

Kass Leslie C · CIK 0001707399 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 34,848 shares

Expires 2018-04-30

F1 · shares: The reporting person exercised 12,446 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001707399-18-000009 · edgar.xml · nonDerivative · entry 1

Kass Leslie C · CIK 0001707399 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,294

F1 · shares: The reporting person exercised 12,446 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001644999-18-000029 · edgar.xml · derivative · entry 2

Avril Matthew E · CIK 0001444238 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 247,049 shares

Expires 2018-04-30

F1 · shares: The reporting person exercised 88,232 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001644999-18-000029 · edgar.xml · nonDerivative · entry 1

Avril Matthew E · CIK 0001444238 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 416,412

F1 · shares: The reporting person exercised 88,232 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001530419-18-000002 · edgar.xml · derivative · entry 2

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,968 shares

Expires 2018-04-30

F1 · shares: The reporting person exercised 3,560 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001530419-18-000002 · edgar.xml · nonDerivative · entry 1

Christopher Thomas A. · CIK 0001530419 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,394

F1 · shares: The reporting person exercised 3,560 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001645021-18-000002 · edgar.xml · derivative · entry 2

Dubin Cynthia S · CIK 0001645021 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 55,104 shares

Expires 2018-04-30

F1 · shares: The reporting person exercised 19,680 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001645021-18-000002 · edgar.xml · nonDerivative · entry 1

Dubin Cynthia S · CIK 0001645021 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 74,784

F1 · shares: The reporting person exercised 19,680 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.

SEC source: 0001644925-18-000011 · edgar.xml · derivative · entry 2

Hoehn Daniel W · CIK 0001644925 · Vice President and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,276 shares

Expires 2018-04-30

F1 · shares: The reporting person exercised 1,170 subscription rights (each subscription right entitling the reporting person to purchase 2.8 shares of Babcock & Wilcox Enterprises, Inc. ("BW") common stock, par value $0.01 per share, at a subscription price of $2.00 per share), issued on a pro rata basis to holders of BW common stock on March 15, 2018.