SEC Form 4 · accession 0000899243-15-000901
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Canafax
Officer — See Remarks
Period of report
Jul 6, 2015
Accepted (ET)
Jul 8, 2015 · 4:30 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,F2 | $23.62 | Jul 6, 2015 | A | 14,689 | A | — | Mar 2, 2025 | Common Stock | 14,689 | 62,176 | D |
| Stock Option (right to buy)F1,F3 | $24.97 | Jul 6, 2015 | D | 1,810 | D | — | Mar 3, 2021 | Common Stock | 1,810 | 30,221 | D |
| Stock Option (right to buy)F1,F4 | $20.47 | Jul 6, 2015 | D | 1,891 | D | — | Mar 4, 2020 | Common Stock | 1,891 | 31,565 | D |
| Stock Option (right to buy)F1,F5 | $20.31 | Jul 6, 2015 | D | 965 | D | — | Mar 5, 2019 | Common Stock | 965 | 16,114 | D |
| Stock Option (right to buy)F1,F6 | $26.39 | Jul 6, 2015 | D | 547 | D | — | Mar 4, 2018 | Common Stock | 547 | 9,125 | D |
| Stock Option (right to buy)F1,F7 | $26.39 | Jul 6, 2015 | D | 781 | D | — | Mar 4, 2018 | Common Stock | 781 | 13,037 | D |
| Restricted Stock UnitF8 | $0.00 | Jul 6, 2015 | A | 2,636 | A | — | Mar 2, 2018 | Common Stock | 2,636 | 11,159 | D |
| Restricted Stock UnitF9 | $0.00 | Jul 6, 2015 | A | 2,722 | A | — | Mar 2, 2018 | Common Stock | 2,722 | 11,520 | D |
Explanation of responses
- F1Represents adjustments made pursuant to the Employee Matters Agreement, dated as of June 8, 2015, between the Issuer and Babcock & Wilcox Enterprises, Inc. and the Issuer's Amended and Restated 2010 Long-Term Incentive Plan in connection with the Issuer's spin-off of Babcock & Wilcox Enterprises, Inc. on June 30, 2015.
- F2Stock options vest in three equal annual installments beginning March 2, 2016.
- F3One-third of stock options are vested. The remaining two-thirds of the stock options will vest in two equal annual installments beginning March 3, 2016.
- F4Two-thirds of stock options are vested. The remaining one-third of the stock options will vest March 4, 2016.
- F5100% of stock options are vested.
- F6100% of stock options are vested.
- F7100% of stock options are vested.
- F8RSUs vest in three equal annual installments beginning March 2, 2016.
- F9100% of RSUs cliff vest on March 2, 2018.
Remarks
Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary