BWX Technologies, Inc. — Director's Dealing 2011

Mar 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Babcock & Wilcox Co (BWC)
CIK: 0001486957
Period of Report: 2011-03-04

Reporting Person: Black David S (Vice President and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-04	Common Stock	M	2207	—	Acquired	20755	Direct
2011-03-04	Common Stock	F	716	$34.55	Disposed	20039	Direct
2011-03-05	Common Stock	M	4237	—	Acquired	24276	Direct
2011-03-05	Common Stock	F	1374	$34.55	Disposed	22902	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-04	Restricted Stock Units	$0	M	2207	Disposed	2013-03-04	Common Stock (2207)	Direct
2011-03-04	Restricted Stock Units	$0	A	2583	Acquired	2014-03-04	Common Stock (2583)	Direct
2011-03-04	Stock Options (right to buy)	$34.55	A	8166	Acquired	2018-03-04	Common Stock (8166)	Direct
2011-03-05	Restricted Stock Units	$0	M	4237	Disposed	2012-03-05	Common Stock (4237)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1625	Indirect

Footnotes

F1: Based on number of units held in the BWC Thrift Plan and the fair market value of BWC common stock as of March 4, 2011.

F2: Each restricted stock unit represents a contingent right to receive one share of BWC common stock.

F3: RSUs vest in three equal annual installments beginning March 4, 2011.

F4: Grant of restricted stock units pursuant to the Amended and Restated 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company. Each restricted stock unit represents a contingent right to receive one share of BWC common stock.

F5: RSUs vest in three equal annual installments beginning March 4, 2012.

F6: Grant of stock options pursuant to the Amended and Restated 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company.

F7: Stock options vest in three equal annual installments beginning March 4, 2012.

F8: RSUs vest in two equal annual installments beginning March 5, 2011.