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BWX Technologies, Inc. — Director's Dealing 2015
Jul 6, 2015
30361_dirs_2015-07-06_3f720c16-7665-4e01-ad96-c33e5c008e79.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BWX Technologies, Inc. (BWXT)
CIK: 0001486957
Period of Report: 2015-07-01
Reporting Person: Baker Peyton S. (Director, See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-07-01 | Common Stock | M | 2550 | $0.00 | Acquired | 65605 | Direct |
| 2015-07-01 | Common Stock | F | 937 | $24.45 | Disposed | 64668 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-07-01 | Stock Option (right to buy) | $24.45 | A | 73734 | Acquired | 2025-07-01 | Common Stock (73734) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | A | 12930 | Acquired | 2018-07-01 | Common Stock (12930) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | A | 13348 | Acquired | 2018-07-01 | Common Stock (13348) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | A | 1619 | Acquired | 2017-03-03 | Common Stock (1619) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | M | 405 | Disposed | 2015-07-01 | Common Stock (405) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | A | 8022 | Acquired | 2017-03-03 | Common Stock (8022) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | M | 2006 | Disposed | 2015-07-01 | Common Stock (2006) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | A | 8520 | Acquired | 2016-03-04 | Common Stock (8520) | Direct |
| 2015-07-01 | Restricted Stock Unit | $0.00 | M | 139 | Disposed | 2015-07-01 | Common Stock (139) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2105 | Indirect |
Footnotes
F1: Based on number of units held in the BWXT Thrift Plan and the fair market value of BWXT common stock as of June 26, 2015.
F2: Stock options vest in three equal annual installments beginning July 1, 2016.
F3: RSUs vest in three equal annual installments beginning July 1, 2016.
F4: 100% of RSUs cliff vest on July 1, 2018.
F5: In connection with the spin-off of Babcock & Wilcox Enterprises, Inc. and pursuant to the terms of the Employee Matters Agreement, dated as of June 8, 2015, between the Issuer and Babcock & Wilcox Enterprises, Inc., Performance RSUs granted under the Amended and Restated 2010 Long-Term Incentive Plan, which would have been payable following the three-year performance period ending on the vesting date and based upon achievement of certain performance levels, converted into RSUs.
F6: One-quarter of the RSUs vested on July 1, 2015. The remaining three-quarters of the RSUs will cliff vest on March 3, 2017.
F7: One-quarter of the RSUs vested on July 1, 2015. The remaining three-quarters of the RSUs will cliff vest on March 3, 2017.
F8: One-half of the RSUs vested on July 1, 2015. The remaining one-half of the RSUs will vest on March 4, 2016.
F9: The reporting person elected to defer receipt of all shares underlying the RSUs. On July 1, 2015, 4,260 RSUs vested and 139 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.