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BWX Technologies, Inc. — Director's Dealing 2016
Mar 10, 2016
30361_dirs_2016-03-10_ed7cfebe-f131-42c7-955e-d5123b97cfc2.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: BWX Technologies, Inc. (BWXT)
CIK: 0001486957
Period of Report: 2016-03-04
Reporting Person: Baker Peyton S. (Director, CEO and President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-04 | Common Stock | M | 23 | — | Acquired | 66451 | Direct |
| 2016-03-04 | Common Stock | F | 23 | $32.34 | Disposed | 66428 | Direct |
| 2016-03-04 | Common Stock | M | 139 | — | Acquired | 66567 | Direct |
| 2016-03-04 | Common Stock | F | 139 | $32.34 | Disposed | 66428 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-04 | Restricted Stock Unit | $0 | M | 23 | Disposed | 2016-03-04 | Common Stock (23) | Direct |
| 2016-03-04 | Restricted Stock Unit | $0 | M | 139 | Disposed | 2016-03-04 | Common Stock (139) | Direct |
Footnotes
F1: The Reporting Person elected to defer receipt of all shares underlying the restricted stock units. On March 4, 2016, 703 restricted stock units vested and 23 of those shares were withheld to fulfill tax obligations. The original Form 4 filed on March 8, 2016 erroneously reported that 33 shares were withheld to fulfill tax obligations. In accordance with the Reporting Person's deferral election, shares will be delivered to the Reporting Person in either a lump sum or in installments beginning on the Reporting Person's termination of employment, depending on the Reporting Person's deferral election.
F2: Restricted stock units vest in three equal annual installments beginning March 4, 2014 but are subject to accelerated vesting because the Reporting Person is at least 60 years old and has at least 10 years of service with BWX Technologies, Inc. prior to the third anniversary of the grant date for the restricted stock units.
F3: The Reporting Person elected to defer receipt of all shares underlying the restricted stock units. On March 4, 2016, 4,260 restricted stock units vested and 139 of those shares were withheld to fulfill tax obligations. The original Form 4 filed on March 8, 2016 erroneously reported that 201 shares were withheld to fulfill tax obligations. In accordance with the Reporting Person's deferral election, shares will be delivered to the Reporting Person in either a lump sum or in installments beginning on the Reporting Person's termination of service employment, depending on the Reporting Person's deferral election.
F4: Restricted stock units cliff vest 100% on March 4, 2016 but are subject to accelerated vesting because the Reporting Person is at least 60 years old and has at least 10 years of service with BWX Technologies, Inc. prior to the third anniversary of the grant date for the restricted stock units.