SEC Form 4 · accession 0000899243-15-000608
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason S. Kerr
Officer — See Remarks
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 8:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001486957
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $24.45 | Jul 1, 2015 | A | 4,095 | A | — | Jul 1, 2025 | Common Stock | 4,095 | 4,095 | D |
| Restricted Stock UnitF2 | $0.00 | Jul 1, 2015 | A | 717 | A | — | Jul 1, 2018 | Common Stock | 717 | 717 | D |
| Restricted Stock UnitF3 | $0.00 | Jul 1, 2015 | A | 741 | A | — | Jul 1, 2018 | Common Stock | 741 | 741 | D |
| Restricted Stock UnitF5 | $0.00 | Jul 1, 2015 | A | 1,363 | A | — | Mar 3, 2017 | Common Stock | 1,363 | 1,363 | D |
| Restricted Stock UnitF6 | $0.00 | Jul 1, 2015 | A | 1,031 | A | — | Mar 4, 2016 | Common Stock | 1,031 | 1,031 | D |
Explanation of responses
- F1Stock options vest in three equal annual installments beginning July 1, 2016.
- F2RSUs vest in three equal annual installments beginning July 1, 2016.
- F3100% of RSUs cliff vest on July 1, 2018.
- F4In connection with the spin-off of Babcock & Wilcox Enterprises, Inc. from the Issuer 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 of the Issuer, 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.
- F5100% of RSUs cliff vest on March 3, 2017.
- F6100% of RSUs cliff vest on March 4, 2016.
Remarks
Vice President and Chief Accounting Officer