SEC Form 4 · accession 0000899243-16-015068
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jan Bertsch
Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 7:23 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF2 | $0.00 | Feb 29, 2016 | A | 2,233 | A | — | — | Common Stock | 2,233 | 2,233 | D |
Explanation of responses
- F1The Reporting Person elected to convert certain deferred equity awards payable in shares of Babcock & Wilcox Enterprises, Inc. ("BWE") that were received in connection with the spin-off of BWE from BWX Technologies, Inc. (the "Company") into units payable in shares of the Company. The conversion was based on the respective closing sales prices of BWE and Company common stock on the New York Stock Exchange on the conversion date (2/29/2016).
- F2Units are 100% vested and are deferred. In accordance with the Reporting Person's deferral election, shares will be delivered to the Reporting Person in either a lump sum or in installments beginning on the Reporting Person's termination of service on the Board of Directors of the Company, depending on the Reporting Person's deferral election.