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BWX Technologies, Inc. — Director's Dealing 2010
Aug 11, 2010
30361_dirs_2010-08-11_7cd16c32-5e2b-4159-834c-9dd167329272.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: Taff Michael S (SVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-09 | Common Stock | A | 1187 | — | Acquired | 2960 | Direct |
| 2010-08-09 | Common Stock | A | 25464 | — | Acquired | 28424 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-02 | Stock Options (right to buy) | $10.58 | A | 42284 | Acquired | 2016-03-05 | Common Stock (42284) | Direct |
| 2010-08-02 | Stock Options (right to buy) | $24.55 | A | 18300 | Acquired | 2017-03-04 | Common stock (18300) | Direct |
| 2010-08-02 | Stock Options (right to buy) | $6.96 | A | 11884 | Acquired | 2015-06-08 | Common Stock (11884) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 19865 | Acquired | 2012-03-05 | Common Stock (19865) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 12342 | Acquired | 2013-03-04 | Common Stock (12342) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 12845 | Acquired | 2011-03-03 | Common Stock (12845) | Direct |
| 2010-08-09 | Restricted Stock Units | $0 | A | 17245 | Acquired | 2012-03-05 | Common Stock (17245) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 888 | 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: Grant of restricted stock pursuant to Restructuring Transaction Retention Agreement with Reporting Person.
F3: Includes shares of BWC common stock acquired in the spin-off.
F4: 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.
F5: 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.
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: Stock options vest in three equal annual installments beginning March 4, 2011.
F8: 100% of stock options are vested.
F9: 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.
F10: RSUs vest in two equal annual installments beginning March 5, 2011.
F11: RSUs vest in three equal annual installments beginning March 4, 2011.
F12: 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.
F13: 100% of the RSUs vest on March 3, 2011.
F14: 100% of the RSUs vest on March 5, 2012.