BWX Technologies, Inc. — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BWX Technologies, Inc. (BWXT)
CIK: 0001486957
Period of Report: 2020-03-01

Reporting Person: Duling Joel W. (President, Nuclear Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-01	Common Stock	M	1352	—	Acquired	18153	Direct
2020-03-01	Common Stock	F	460	$54.84	Disposed	17693	Direct
2020-03-02	Common Stock	M	1072	—	Acquired	18765	Direct
2020-03-02	Common Stock	A	3716	—	Acquired	22481	Direct
2020-03-02	Common Stock	F	1432	$55.47	Disposed	21049	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-01	Restricted Stock Units	$0.0	M	1352	Disposed	2022-03-01	Common Stock (1352.0)	Direct
2020-03-02	Restricted Stock Units	$0.0	M	615	Disposed	2020-03-02	Common Stock (615.0)	Direct
2020-03-02	Restricted Stock Units	$0.0	M	457	Disposed	2021-03-02	Common Stock (457.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	418	Indirect

Footnotes

F1: Represents performance restricted stock units ("PRSU") awarded on March 2, 2017 for the performance period January 1, 2017 through December 31, 2019, for which performance goals have been achieved and certified on February 21, 2020. Each PRSU represents the right to one share of the issuer's common stock. The PRSUs vested on March 2, 2020.

F2: Based on number of units held in the BWXT Thrift Plan and the fair market value of BWXT common stock as of December 31, 2019.

F3: RSUs vest in three equal annual installments beginning March 1, 2020.

F4: RSUs vest in three equal annual installments beginning March 2, 2018.

F5: RSUs vest in three equal annual installments beginning March 2, 2019.