13D Filing: Lightship Capital LLC and Babcock & Wilcox Enterprises Inc (BW)

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Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentages of the shares of Common Stock beneficially owned by the Reporting Persons.  The percentages used in this Schedule 13D are calculated based upon a total of 48,831,696 shares of Common Stock outstanding as of April 30, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2017, filed with the Securities and Exchange Commission on May 9, 2017.
(b) See rows (7) through (10) of the cover pages to this Schedule 13D for the number of shares of Common Stock as to which the Reporting Persons have the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c) Information concerning transactions in the shares of Common Stock effected by the Reporting Persons during the past sixty days is set forth in Annex A hereto and is incorporated herein by reference. All of the transactions in shares of Common Stock listed hereto were effected in the open market through various brokerage entities.
(d) Not applicable.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

The Reporting Persons are parties to an agreement with respect to
the joint filing of this

Schedule 13D and any amendments thereto. A copy of such agreement
is attached as Exhibit 1 to this Schedule 13D and is incorporated by reference herein.

Except as set forth herein, there are no contracts, arrangements,
understandings or relationships among the Reporting Persons or between the Reporting Persons and any other person with respect
to the Common Stock.

Item 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1: Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Act.

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