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BWX Technologies, Inc. — Director's Dealing 2015
Mar 4, 2015
30361_dirs_2015-03-04_2fb4bbbb-a99b-4bb9-aca4-bbf3783dfb28.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: 2015-03-02
Reporting Person: Tarapore Kairus (SVP & Chief Admin. Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-03 | Common Stock | M | 130 | — | Acquired | 987 | Direct |
| 2015-03-03 | Common Stock | F | 130 | $30.75 | Disposed | 857 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-02 | Restricted Stock Units | $0 | A | 5279 | Acquired | 2018-03-02 | Common Stock (5279) | Direct |
| 2015-03-02 | Restricted Stock Units | $0 | A | 5115 | Acquired | 2018-03-02 | Common Stock (5115) | Direct |
| 2015-03-02 | Stock Options (right to buy) | $30.92 | A | 28491 | Acquired | 2025-03-02 | Common Stock (28491) | Direct |
| 2015-03-03 | Restricted Stock Units | $0 | M | 130 | Disposed | 2017-03-03 | Common Stock (130) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 572 | 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 2, 2015.
F2: 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.
F3: 100% of the RSUs vest on March 2, 2018.
F4: RSUs vest in three equal annual installments beginning March 2, 2016.
F5: Grant of stock options pursuant to the Amended and Restated 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company.
F6: Stock options vest in three equal annual installments beginning March 2, 2016.
F7: The reporting person elected to defer receipt of all shares underlying the RSUs. On March 3, 2015, 1,221 RSUs vested and 130 of those shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in one lump sum six months following termination of employment.
F8: RSUs vest in three equal annual installments beginning March 3, 2015.