SEC Form 4 · accession 0000899243-16-015570

BWX Technologies, Inc. · BWXT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Peyton S. Baker

Officer — CEO and President · Director

Period of report

Mar 4, 2016

Accepted (ET)

Mar 8, 2016 · 7:05 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001486957

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Mar 4, 2016	M	33	$0.00	A	66,461	D
Common Stock	Mar 4, 2016	F	33	$32.34	D	66,428	D
Common Stock	Mar 4, 2016	M	201	$0.00	A	66,629	D
Common Stock	Mar 4, 2016	F	201	$32.34	D	66,428	D
Common Stock^F1	holding	—	—		—	2,116	I	401(k) Plan

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit^F3	$0.00	Mar 4, 2016	M	33	D	—	Mar 4, 2016	Common Stock	33	4,118	D
Restricted Stock Unit^F5	$0.00	Mar 4, 2016	M	201	D	—	Mar 4, 2016	Common Stock	201	8,180	D

Explanation of responses

F1Based on number of units held in BWXT Thrift Plan and the fair market value of BWXT common stock as of February 24, 2016.
F2The Reporting Person elected to defer receipt of all shares underlying the restricted stock units. On March 4, 2016, 703 restricted stock units vested and 33 of those shares were withheld to fulfill tax obligations. 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 employment, depending on the Reporting Person's deferral election.
F3Restricted stock units vest in three equal annual installments beginning March 4, 2014 but are subject to accelerated vesting because the Reporting Person is at least 60 years old and has at least 10 years of service with BWX Technologies, Inc. prior to the third anniversary of the grant date for the restricted stock units.
F4The Reporting Person elected to defer receipt of all shares underlying the restricted stock units. On March 4, 2016, 4,260 restricted stock units vested and 201 of those shares were withheld to fulfill tax obligations. 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 employment, depending on the Reporting Person's deferral election.
F5Restricted stock units cliff vest 100% on March 4, 2016 but are subject to accelerated vesting because the Reporting Person is at least 60 years old and has at least 10 years of service with BWX Technologies, Inc. prior to the third anniversary of the grant date for the restricted stock units.