SEC Form 4 · accession 0000899243-15-000904
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William A. Fox III
Officer — See Remarks
Period of report
Jul 6, 2015
Accepted (ET)
Jul 8, 2015 · 4:35 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 | 7,344 | A | — | Mar 2, 2025 | Common Stock | 7,344 | 31,086 | D |
| Stock Option (right to buy)F1,F3 | $25.76 | Jul 6, 2015 | D | 783 | D | — | Sep 30, 2020 | Common Stock | 783 | 13,062 | D |
| Restricted Stock UnitF4 | $0.00 | Jul 6, 2015 | A | 1,318 | A | — | Mar 2, 2018 | Common Stock | 1,318 | 5,578 | D |
| Restricted Stock UnitF5 | $0.00 | Jul 6, 2015 | A | 1,361 | A | — | Mar 2, 2018 | Common Stock | 1,361 | 5,760 | 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 September 30, 2015.
- F4RSUs vest in three equal annual installments beginning March 2, 2016.
- F5100% of RSUs cliff vest on March 2, 2018.
Remarks
President, BWXT Technical Services Group, Inc. President, BWXT Nuclear Energy, Inc. President, BWXT mPower, Inc.