SEC Form 4 · accession 0000899243-15-000902
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peyton S. Baker
Officer — See Remarks · Director
Period of report
Jul 6, 2015
Accepted (ET)
Jul 8, 2015 · 4:31 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2 | $0.00 | Jul 6, 2015 | A | 2,109 | A | — | Mar 2, 2018 | Common Stock | 2,109 | 8,928 | D |
| Restricted Stock UnitF3 | $0.00 | Jul 6, 2015 | A | 2,177 | A | — | Mar 2, 2018 | Common Stock | 2,177 | 9,215 | D |
| Stock Option (right to buy)F1,F4 | $23.62 | Jul 6, 2015 | A | 11,751 | A | — | Mar 2, 2025 | Common Stock | 11,751 | 49,740 | D |
| Stock Option (right to buy)F1,F5,F6 | $24.74 | Jul 6, 2015 | D | 251 | D | — | May 15, 2021 | Common Stock | 251 | 4,180 | D |
| Stock Option (right to buy)F1,F7 | $24.97 | Jul 6, 2015 | D | 1,240 | D | — | Mar 3, 2021 | Common Stock | 1,240 | 20,699 | D |
| Stock Option (right to buy)F1,F8 | $20.47 | Jul 6, 2015 | D | 1,116 | D | — | Mar 4, 2020 | Common Stock | 1,116 | 18,633 | D |
| Stock Option (right to buy)F1,F9 | $20.31 | Jul 6, 2015 | D | 585 | D | — | Mar 5, 2019 | Common Stock | 585 | 9,768 | D |
| Stock Option (right to buy)F1,F10 | $26.39 | Jul 6, 2015 | D | 465 | D | — | Mar 4, 2018 | Common Stock | 465 | 7,752 | D |
| Stock Option (right to buy)F1,F11 | $18.75 | Jul 6, 2015 | D | 141 | D | — | Mar 4, 2017 | Common Stock | 141 | 2,348 | D |
| Stock Option (right to buy)F1,F12 | $8.09 | Jul 6, 2015 | D | 258 | D | — | Mar 5, 2016 | Common Stock | 258 | 4,293 | 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.
- F10Stock options are 100% vested.
- F11Stock options are 100% vested.
- F12Stock options are 100% vested.
- F2RSUs vest in three equal annual installments beginning March 2, 2016.
- F3100% of RSUs cliff vest on March 2, 2018.
- F4Stock options vest in three equal annual installments beginning March 2, 2016.
- F5One-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.
- F6Stock options expire May 15, 2021. A previous Form 4 filed by the reporting person contained a clerical error reporting the incorrect expiration date for these stock options.
- F7One-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.
- F8Two-thirds of stock options are vested. The remaining one-third of the stock options will vest March 4, 2016.
- F9Stock options are 100% vested.
Remarks
Chief Executive Officer and President