Filing Details

Accession Number:
0001209191-13-006023
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-02-04 16:46:59
Reporting Period:
2013-01-31
Filing Date:
2013-02-04
Accepted Time:
2013-02-04 16:46:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
808362 Baker Hughes Inc BHI Oil & Gas Field Machinery & Equipment (3533) 760207995
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1239236 C Chad Deaton 2929 Allen Parkway
Suite 2100
Houston TX 77019
Executive Chairman Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $1.00 Par Value Disposition 2013-01-31 6,194 $44.95 270,901 No 4 F Direct
Common Stock, $1.00 Par Value Acquisiton 2013-01-31 37,500 $0.00 308,401 No 4 M Direct
Common Stock, $1.00 Par Value Disposition 2013-01-31 15,731 $44.95 292,670 No 4 F Direct
Common Stock, $1.00 Par Value Disposition 2013-02-01 24,289 $44.87 268,381 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, $1.00 Par Value Restricted Stock Unit Disposition 2013-01-31 37,500 $0.00 37,500 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
37,500 No 4 M Direct
Footnotes
  1. Shares withheld to pay the taxes due upon accelerated vesting of a Restricted Stock Award dated as of January 26, 2011, granted under the 2002 Director and Officer Long-Term Incentive Plan, pursuant to the terms of Mr. Deaton's Restated and Superseding Employment Agreement dated April 28, 2011. Withholding of shares to pay the taxes due upon vesting is exempt from Section 16(b) of the Securities Exchange Act of 1934 by Rule 16b-3.
  2. Accelerated vesting of a Restricted Stock Unit dated January 1, 2012, granted under the 2002 Director and Officer Long-Term Incentive Plan, pursuant to the terms of Mr. Deaton's Restated and Superseding Employment Agreement dated April 28, 2011.
  3. Shares withheld to pay the taxes due upon accelerated vesting of a Restricted Stock Unit dated as of January 1, 2012, granted under the 2002 Director and Officer Long-Term Incentive Plan, pursuant to the terms of Mr. Deaton's Restated and Superseding Employment Agreement dated April 28, 2011. Withholding of shares to pay the taxes due upon vesting is exempt from Section 16(b) of the Securities Exchange Act of 1934 by Rule 16b-3.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.8149 to $44.9110, inclusive. The reporting person undertakes to provide Baker Hughes Incorporated, any security holder of Baker Hughes Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  5. Each restricted stock unit represents a contingent right to receive without payment one share of Baker Hughes common stock.
  6. On January 31, 2013, the forfeiture restrictions lapsed as to 37,500 restricted stock units and on the second anniversary of the termination of Mr. Deaton's employment with the Company and of all of its Affiliates, the forfeiture restrictions shall lapse as to an additional 37,500 restricted stock units.