SEC Form 4 · accession 0000899243-15-000905
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 6, 2015
Accepted (ET)
Jul 8, 2015 · 4:37 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 | 1,958 | A | — | Mar 2, 2025 | Common Stock | 1,958 | 8,288 | D |
| Stock Option (right to buy)F1,F3 | $24.97 | Jul 6, 2015 | D | 211 | D | — | Mar 3, 2021 | Common Stock | 211 | 3,518 | D |
| Stock Option (right to buy)F1,F4 | $20.47 | Jul 6, 2015 | D | 136 | D | — | Mar 4, 2020 | Common Stock | 136 | 2,255 | D |
| Stock Option (right to buy)F1,F5 | $20.31 | Jul 6, 2015 | D | 74 | D | — | Mar 5, 2019 | Common Stock | 74 | 1,219 | D |
| Stock Option (right to buy)F1,F6 | $26.39 | Jul 6, 2015 | D | 50 | D | — | Mar 4, 2018 | Common Stock | 50 | 829 | D |
| Restricted Stock UnitF7 | $0.00 | Jul 6, 2015 | A | 352 | A | — | Mar 2, 2018 | Common Stock | 352 | 1,489 | D |
| Restricted Stock UnitF8 | $0.00 | Jul 6, 2015 | A | 363 | A | — | Mar 2, 2018 | Common Stock | 363 | 1,536 | 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.
- F7RSUs vest in three equal annual installments beginning March 2, 2016.
- F8100% of RSUs cliff vest on March 2, 2018.
Remarks
Vice President and Chief Accounting Officer