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BWX Technologies, Inc. — Director's Dealing 2010
Aug 11, 2010
30361_dirs_2010-08-11_22359667-3ce1-477e-9a16-eb7725492880.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Babcock & Wilcox Co (BWC)
CIK: 0001486957
Period of Report: 2010-08-09
Reporting Person: Nash Winfred D (President - NOG)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-09 | Common Stock | A | 958 | — | Acquired | 14804 | Direct |
| 2010-08-09 | Common Stock | M | 6835 | — | Acquired | 21639 | Direct |
| 2010-08-09 | Common Stock | F | 2884 | $23.76 | Disposed | 18755 | Direct |
| 2010-08-09 | Common Stock | M | 3243 | — | Acquired | 21998 | Direct |
| 2010-08-09 | Common Stock | F | 1368 | $23.76 | Disposed | 20630 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-02 | Stock Option (right to buy) | $24.55 | A | 13136 | Acquired | 2017-03-04 | Common Stock (13136) | Direct |
| 2010-08-02 | Stock Options (right to buy) | $10.58 | A | 24089 | Acquired | 2016-03-05 | Common Stock (24089) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 8860 | Acquired | 2013-03-04 | Common Stock (8860) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 8488 | Acquired | 2012-03-05 | Common Stock (8488) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 10355 | Acquired | 2011-03-03 | Common Stock (10355) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 9825 | Acquired | 2012-03-05 | Common Stock (9825) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | M | 6835 | Disposed | 2011-03-03 | Common Stock (6835) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | M | 3243 | Disposed | 2012-03-05 | Common Stock (3243) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 393 | Indirect |
Footnotes
F1: Grant of restricted stock received in connection with the pro-rata distribution of BWC common stock from McDermott International, Inc. ("MII") (the "Spin-off") and converted from MII restricted stock held by the Reporting Person as of the Spin-off.
F2: Includes shares of BWC common stock acquired in the spin-off.
F3: Based on number of units held in the BWC Thrift Plan and the fair market value of BWC common stock as of August 9, 2010.
F4: Grant of stock options received in connection with the Spin-off and converted from MII stock options held by the Reporting Person as of the Spin-off.
F5: Stock options vest in three equal annual installments beginning March 4, 2011.
F6: 1/3 of the stock options vested on March 5, 2010 and the remainder will vest in two equal annual installments beginning March 5, 2011.
F7: Grant of restricted stock units received in connection with the Spin-off and converted from MII restricted stock units held by the Reporting Person as of the Spin-off. RSUs represent the right to receive one share of BWC common stock for each unit that vests.
F8: RSUs vest in three equal annual installments beginning March 4, 2011.
F9: RSUs vest in two equal annual installments beginning March 5, 2011.
F10: Grant of restricted stock units received in connection with the Spin-off and converted from MII performance shares held by the Reporting Person as of the Spin-off. RSU represent the right to receive one share of BWC common stock for each unit that vests.
F11: 100% of the RSUs vest on March 3, 2011.
F12: 100% of the RSUs vest on March 5, 2012.
F13: In accordance with the terms of the award, a portion of the RSUs were subject to accelerated vesting.