UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
Baker Hughes, a GE company

(Name of Issuer)
 
Class A common stock, par value $0.0001 per share

(Title of Class of Securities)
  
05722G 100
(CUSIP Number)
 
Christoph A. Pereira
Vice President & Chief Corporate, Securities and Finance Counsel
General Electric Company
41 Farnsworth Street
Boston, Massachusetts 02210
617-433-2952
 
With a Copy to:
 
John A. Marzulli, Jr.
Rory O’Halloran
Waajid Siddiqui
Shearman & Sterling LLP
599 Lexington Avenue
New York, NY 10022-6069
212-848-4000

(Name, Address and Telephone Number of Person Authorized
 to Receive Notices and Communications)
        
         
March 29, 2018
(Date of Event Which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box .
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7(b) for other parties to whom copies are to be sent.
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 
SCHEDULE 13D
 
CUSIP No.  05722G 100
 
Page 2 of 10 Pages

1
NAME OF REPORTING PERSONS
 
General Electric Company
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
3
SEC USE ONLY
           
                   
4
SOURCE OF FUNDS (See Instructions)
                             
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
                   
                           
6
CITIZENSHIP OR PLACE OF ORGANIZATION
                        
New York
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
                           
126,148,726
8
SHARED VOTING POWER
                       
570,311,656
9
SOLE DISPOSITIVE POWER
                      
126,148,726
10
SHARED DISPOSITIVE POWER
                       
570,311,656
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                             
696,460,382
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
                   
                                
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                       
62.6%
14
TYPE OF REPORTING PERSON (See Instructions)
                          
CO
         
 

 
SCHEDULE 13D
 
CUSIP No.  05722G 100
 
Page 3 of 10 Pages

1
NAME OF REPORTING PERSONS
 
GE Investments, Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
5,472,453
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
5,472,453
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,472,453
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.5%
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
         


 
SCHEDULE 13D
 
CUSIP No.  05722G 100
 
Page 4 of 10 Pages

1
NAME OF REPORTING PERSONS
 
GE Oil & Gas US Holdings IV, Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
115,339,862
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
115,339,862
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
115,339,862
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.4%
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
         


 
SCHEDULE 13D
 
CUSIP No.  05722G 100
 
Page 5 of 10 Pages

1
NAME OF REPORTING PERSONS
 
GE Holdings (US), Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
5,472,453
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
5,472,453
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,472,453
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.5%
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
         


 
SCHEDULE 13D
 
CUSIP No.  05722G 100
 
Page 6 of 10 Pages

1
NAME OF REPORTING PERSONS
 
GE Oil & Gas US Holdings I, Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
449,499,342
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
449,499,342
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
449,499,342
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
40.4%
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
         


This Amendment No. 1 (this “Amendment”) amends and supplements the Schedule 13D filed by the Reporting Persons on July 13, 2017 (the “Original Schedule 13D”) with respect to the Class A Common Stock of the Issuer. Capitalized terms used in this Amendment and not otherwise defined have the same meanings ascribed to them in the Original Schedule 13D.  Unless specifically amended hereby, the disclosure set forth in the Original Schedule 13D remains unchanged.
 
Item 2.          Identity and Background.
 
Schedule I to Item 2 of the Original Schedule 13D is hereby amended and restated in its entirety as set forth in Schedule I attached hereto.
 
Item 5.          Interest in Securities of the Issuer.

Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety as follows: 

(a)          Based on the most recent information available, the aggregate number and percentage of the Class A Common Stock (the securities identified pursuant to Item 1 of this Schedule 13D) that are beneficially owned by each of the Reporting Persons is set forth in boxes (11) and (13) of the cover pages to this Schedule 13D for each of the Reporting Persons, and such information is incorporated herein by reference.  The percentages reported herein are calculated based upon, as of March 29, 2018, 696,460,382 shares of Class B Common Stock and 416,299,761 shares of Class A Common Stock outstanding, assuming the exchange of all Class B Common Stock into Class A Common Stock (for a total of 1,112,760,143 shares of Class A Common Stock on a fully exchanged basis).
 
To the best knowledge of the Reporting Persons, the following persons beneficially own the shares of Class A Common Stock set forth below:

 
·
W. Geoffrey Beattie, Director, General Electric Company, holds 7,900 shares of Class A Common Stock.
 
·
James E. Rohr, Director, General Electric Company, holds 8,200 shares of Class A Common Stock.
 
·
John G. Rice, Vice Chair, General Electric Company, holds 5,000 shares of Class A Common Stock.

(b)          Except as described below, the numbers of shares of Class A Common Stock as to which each of the Reporting Persons has sole voting power, shared voting power, sole dispositive power and shared dispositive power is set forth in boxes (7), (8), (9) and (10), respectively, on the cover page to this Schedule 13D for each of the Reporting Persons, and such information is incorporated herein by reference.
 
(c)          In connection with a share repurchase program announced by the Issuer on November 6, 2017, pursuant to which BHGE LLC is authorized to repurchase Common Units up to an aggregate value of $3,000,000,000, on December 28 and 29, 2017, the Reporting Persons completed the sale of 10,126,468 Paired Interests to the Issuer and BHGE LLC for an aggregate purchase price of $313,802,773.66, and on March 29, 2018, the Reporting Persons completed the sale of an additional 10,523,873 Paired Interests to the Issuer and BHGE LLC for an aggregate purchase price of $312,650,921.05, equal to $29.71 per Paired Interest, in each case in order for the Reporting Persons to maintain their respective proportional ownership interests in the Issuer and BHGE LLC in light of repurchases of Class A Common Stock by the Issuer, pursuant to the BHGE LLC Agreement.  Other than as disclosed in this Schedule 13D, no transactions involving Paired Interests or shares of Class A Common Stock were effected during the past sixty days.
                     
(d)          No person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of Class A Common Stock held by the Reporting Persons other than each of the Reporting Persons.
 
(e)          Not applicable.
 
Item 7.          Materials to be Filed as Exhibits.
 
 
Exhibit No.
Description
   
Exhibit 99.1
Joint Filing Agreement by and among the Reporting Persons

SIGNATURE
 
After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated: March 30, 2018
 
 
 
GENERAL ELECTRIC COMPANY
 
       
       
 
By:
/s/ Christoph A. Pereira  
 
Name:
Christoph A. Pereira
 
 
Title:
Vice President, Chief Corporate, Securities and Finance Counsel
       
       
 
GE INVESTMENTS, INC.
 
       
       
 
By:
/s/ Victoria Vron  
 
Name:
Victoria Vron
 
 
Title:
Vice President & Secretary
 
       
       
 
GE OIL & GAS US HOLDINGS IV, INC.
 
       
       
 
By:
/s/ Victoria Vron  
 
Name:
Victoria Vron
 
 
Title:
Vice President & Secretary
 
       
       
 
GE HOLDINGS (US), INC.
 
       
       
 
By:
/s/ Victoria Vron  
 
Name:
Victoria Vron
 
 
Title:
Vice President & Secretary
 
       
       
 
GE OIL & GAS US HOLDINGS I, INC.
 
       
       
 
By:
/s/ Victoria Vron  
 
Name:
Victoria Vron
 
 
Title:
Vice President & Secretary
 
       
 

 
SCHEDULE I

DIRECTORS AND EXECUTIVE OFFICERS OF
GENERAL ELECTRIC COMPANY
 
The following table sets forth certain information with respect to the directors and executive officers of General Electric Company.  The business address of each director and executive officer of General Electric Company is 41 Farnsworth Street, Boston, Massachusetts 02210.
 
Name
 
Present Principal Occupation or
Employment 
 
Citizenship
 
 
 
 
 
Sébastien M. Bazin
(Director)
 
Chairman and CEO of AccorHotels
Paris, France
 
France
 
 
 
 
 
W. Geoffrey Beattie
(Director)
 
Chief Executive Officer, Generation Capital
Toronto, Canada
 
Canada
 
 
 
 
 
John J. Brennan
(Director)
 
Chairman Emeritus and Senior Advisor, The Vanguard Group
Malvern, Pennsylvania
 
United States
 
 
 
 
 
Francisco D’Souza
(Director)
 
Chief Executive Officer, Cognizant Technology Solutions Corporation
Teaneck, New Jersey
 
United States
 
 
 
 
 
Marijn E. Dekkers
(Director)
 
Chairman of the Board, Unilever PLC and Unilever N.V.
Rotterdam, The Netherlands and London, United Kingdom
 
United States and The Netherlands
 
 
 
 
 
Peter B. Henry
(Director)
 
Dean Emeritus & Professor of Economics & Finance, NYU’s Stern School of Business
New York, New York
 
United States
 
 
 
 
 
Susan J. Hockfield
(Director)
 
President Emerita and Professor of Neuroscience, the Massachusetts Institute of Technology
Cambridge, Massachusetts
 
United States
 
 
 
 
 
John L. Flannery
(Director)
 
Chairman of the Board and Chief Executive Officer, General Electric Company
Boston, Massachusetts
 
United States
         
Andrea Jung
(Director)
 
President, Chief Executive Officer and Director, Grameen America
New York, New York
 
Canada
 
 
 
 
 
Edward P. Garden
(Director)
 
Chief Investment Officer and Founding Partner, Trian Fund Management
New York, New York
 
United States
 
 
 
 
 
Risa Lavizzo-Mourey
(Director)
 
 
Former President and CEO, Robert Wood Johnson Foundation
Princeton, New Jersey
 
United States
 
 
 
 
 
Rochelle B. Lazarus
(Director)
 
Chairman Emeritus and former Chief Executive Officer, Ogilvy & Mather Worldwide
New York, New York
 
United States
 


 
Name
 
Present Principal Occupation or
Employment 
 
Citizenship
 
 
 
 
 
Steven M. Mollenkopf
(Director)
 
 
Chief Executive Officer and Director, Qualcomm Incorporated
San Diego, California
 
United States
 
 
 
 
 
James J. Mulva
(Director)
 
Former Chairman of the Board, President and Chief Executive Officer, ConocoPhillips
Houston, Texas
 
United States
 
 
 
 
 
James E. Rohr
(Director)
 
Former Chairman and Chief Executive Officer, PNC Financial Services Group
Pittsburgh, Pennsylvania
 
United States
 
 
 
 
 
Mary L. Schapiro
(Director)
 
Vice Chairman, Advisory Board of Promontory Financial Group and former Chairman, U.S. Securities and Exchange Commission
Washington, DC
 
United States
 
 
 
 
 
James S. Tisch
(Director)
 
President and Chief Executive Officer, Loews Corporation
New York
 
United States
 
 
 
 
 
Alex Dimitrief
(Senior Vice President, General Counsel & Secretary and CEO, GE Global Growth Organization)
 
Senior Vice President, General Counsel & Secretary, General Electric Company and CEO, GE Global Growth Organization
 
United States
 
 
 
 
 
Jan R. Hauser
(Vice President, Controller & Chief Accounting Officer)
 
Vice President, Controller & Chief Accounting Officer, General Electric Company
 
 
United States
         
David L. Joyce
(Vice Chairman)
 
Vice Chairman of General Electric Company; President & Chief Executive Officer, GE Aviation
 
United States
         
Raghu Krishnamoorthy
(Chief Human Resources Officer)
 
Chief Human Resources Officer, General Electric Company
 
United States
         
Jamie S. Miller
(Senior Vice President, Chief Financial Officer)
 
Senior Vice President, Chief Financial Officer, General Electric Company
 
 
United States