SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Williams Richard L

(Last) (First) (Middle)
2001 RANKIN ROAD

(Street)
HOUSTON TX 77073

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BAKER HUGHES INC [ BHI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $1.00 Par Value 05/01/2006 M 6,594 A $47.8125 16,678.892 D
Common Stock, $1.00 Par Value 05/01/2006 M 3,000 A $32.5 19,678.892 D
Common Stock, $1.00 Par Value 05/01/2006 M 2,000 A $24.94 21,678.892 D
Common Stock, $1.00 Par Value 05/01/2006 M 2,667 A $29.25 24,345.892 D
Common Stock, $1.00 Par Value 05/01/2006 M 2,667 A $32.62 27,012.892 D
Common Stock, $1.00 Par Value 05/01/2006 M 5,673 A $35.81 32,685.892 D
Common Stock, $1.00 Par Value 05/01/2006 M 2,800 A $39.23 35,485.892 D
Common Stock, $1.00 Par Value 05/01/2006 M 1,680 A $42.6 37,165.892 D
Common Stock, $1.00 Par Value 05/01/2006 S 27,081 D $81.01 10,084.892 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock, $1.00 Par Value $47.8125 05/01/2006 M 6,594 10/22/1998 10/22/2007 Common Stock, $1.00 Par Value 6,594 $47.8125 0 D
Common Stock, $1.00 Par Value $32.5 05/01/2006 M 3,000 01/30/2003 01/30/2012 Common Stock, $1.00 Par Value 3,000 $32.5 0 D
Common Stock, $1.00 Par Value $24.94 05/01/2006 M 2,000 07/24/2003 07/24/2012 Common Stock, $1.00 par value 2,000 $24.94 0 D
Common Stock, $1.00 Par Value $29.25 05/01/2006 M 2,667 01/29/2004 01/29/2013 Common Stock, $1.00 Par Value 2,667 $29.25 0 D
Common Stock, $1.00 Par Value $32.62 05/01/2006 M 2,667 07/22/2004 07/22/2013 Common Stock, $1.00 Par Value 2,667 $32.62 0 D
Common Stock, $1.00 Par Value $35.81 05/01/2006 M 5,673 01/28/2005 01/28/2014 Common Stock, $1.00 Par Value 5,673 $35.81 2,934 D
Common Stock, $1.00 Par Value $39.23 05/01/2006 M 2,800 07/28/2005 07/28/2014 Common Stock, $1.00 Par Value 2,800 $39.23 5,600 D
Common Stock, $1.00 Par Value $42.6 05/01/2006 M 1,680 01/26/2006 01/26/2015 Common Stock, $1.00 Par Value 1,680 $42.6 3,360 D
Explanation of Responses:
Remarks:
Sandra E. Alford Attorney in Fact 05/02/2006
** 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 4 (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.