BWX Technologies, Inc. — Director's Dealing 2020

Dec 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BWX Technologies, Inc. (BWXT)
CIK: 0001486957
Period of Report: 2020-12-10

Reporting Person: FEES JOHN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-10	Common Stock	M	6	—	Acquired	45584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-10	Dividend Equivalent Rights	$	A	84.08	Acquired		Common Stock (84.08)	Direct
2020-12-10	Dividend Equivalent Rights	$	M	6	Disposed		Common Stock (6.0)	Direct

Footnotes

F1: The dividend equivalent rights accrued on eight restricted stock unit grants of which the reporting person has elected to defer receipt of the shares underlying the RSUs. Each RSU and DER represent a contingent right to receive one share of BWXT common stock. In accordance with the deferral election, the DERs will be delivered to the reporting person proportionately with the RSU's to which they relate.

F2: The dividend equivalent rights (DER) accrued on the restricted stock unit grants of which the reporting person deferred receipt of the shares underlying the RSU. Each DER represents a contingent right to receive one share of BWXT common stock. Since the reporting person's December 1, 2020 deferral election occurred between the company's fourth quarter 2020 dividend record and payment dates, the DERs for this dividend payment were delivered to the reporting person on December 10, 2020, the dividend payment date.