FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/01/2013 |
3. Issuer Name and Ticker or Trading Symbol
BAKER HUGHES INC [ BHI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 7,508.979 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option granted 1/24/07 (right to buy) | (1) | 01/24/2017 | Common Stock | 407 | $68.54 | D | |
Employee Stock Option granted 7/25/07 (right to buy) | (1) | 07/25/2017 | Common Stock | 814 | $82.28 | D | |
Employee Stock Option granted 1/23/08 (right to buy) | (1) | 01/23/2018 | Common Stock | 730 | $69.92 | D | |
Employee Stock Option granted 8/11/08 (right to buy) | (1) | 08/11/2018 | Common Stock | 772 | $77.2 | D | |
Employee Stock Option granted 1/21/09 (right to buy) | (1) | 01/21/2019 | Common Stock | 570 | $29.18 | D | |
Employee Stock Option granted 7/22/09 (right to buy) | (1) | 07/22/2019 | Common Stock | 3,247 | $39.52 | D | |
Employee Stock Option granted 1/19/10 (right to buy) | (1) | 01/19/2020 | Common Stock | 3,200 | $47.28 | D | |
Employee Stock Option granted 7/21/10 (right to buy) | (1) | 07/21/2020 | Common Stock | 3,800 | $49.17 | D | |
Employee Stock Option granted 1/26/11 (right to buy) | (1) | 01/26/2021 | Common Stock | 4,850 | $62.32 | D | |
Employee Stock Option granted 7/19/11 (right to buy) | (1) | 07/19/2021 | Common Stock | 3,780 | $77 | D | |
Employee Stock Option granted 1/25/12 (right to buy) | (1) | 01/25/2022 | Common Stock | 8,503 | $47.44 | D | |
Employee Stock Option granted 7/16/12 (right to buy) | (1) | 07/16/2022 | Common Stock | 10,201 | $39.3 | D | |
Employee Stock Option granted 1/24/13 (right to buy) | (1) | 01/24/2023 | Common Stock | 10,376 | $45.21 | D | |
Restricted Stock Units(2)(3) | (4) | (4) | Common Stock | 1,084 | $0.00 | D | |
Restricted Stock Units(2)(3) | (5) | (5) | Common Stock | 3,162 | $0.00 | D | |
Restricted Stock Units(2)(3) | (6) | (6) | Common Stock | 5,308 | $0.00 | D | |
Restricted Stock Units(3)(7) | 04/25/2016(8) | 04/25/2016(8) | Common Stock | 12,000 | $0.00 | D |
Explanation of Responses: |
1. Option vested/vests in three equal annual installments beginning on the date of grant. |
2. Issued pursuant to the terms and conditions of the Company's 2002 Employee Long-Term Incentive Plan. |
3. Each restricted stock unit represents a contingent right to receive one share of Baker Hughes common stock. |
4. The RSU's granted January 26, 2011 vest in 3 equal annual installments beginning one year from the date of grant. The remaining RSU's vest as to 1084 shares on January 26, 2014. |
5. The RSU's granted January 25, 2012 vest in 3 equal annual installments beginning one year from the date of grant. The remaining RSU's vest as to 1581 shares on January 25, 2014, and 1581 shares on January 25, 2015. |
6. The RSU's granted January 24, 2013 vest in 3 equal annual installments beginning one year from the date of grant. The remaining RSU's vest as to 1769 shares on January 24, 2014, 1769 shares on January 24, 2015, and 1770 shares on January 26, 2016. |
7. Issued pursuant to the terms and conditions of the Company's 2002 Director and Officer Long-Term Incentive Plan. |
8. The RSU's granted April 25, 2013 cliff vest three years from the date of grant. |
Remarks: |
/s/ Lee Whitley, Attorney-in-Fact | 05/07/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |