SEC Form 4 · accession 0001492520-15-000008
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E James Ferland Jr.
Officer — President and CEO · Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 6:35 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 3, 2015 | M | 363 | $0.00 | A | 33,877 | D | |
| Common Stock | Mar 3, 2015 | F | 363 | $30.75 | D | 33,514 | D | |
| Common StockF1 | holding | — | — | — | 908 | I | 401k 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 UnitsF3 | $0.00 | Mar 2, 2015 | A | 49,271 | A | — | Mar 2, 2018 | Common Stock | 49,271 | 49,271 | D |
| Restricted Stock UnitsF4 | $0.00 | Mar 2, 2015 | A | 47,727 | A | — | Mar 2, 2018 | Common Stock | 47,727 | 47,727 | D |
| Stock Options (right to buy)F6 | $30.92 | Mar 2, 2015 | A | 265,923 | A | — | Mar 2, 2025 | Common Stock | 265,923 | 265,923 | D |
| Restricted Stock UnitsF7,F8 | $0.00 | Mar 3, 2015 | M | 363 | D | — | Mar 3, 2017 | Common Stock | 363 | 33,834 | D |
Explanation of responses
- F1Based on number of units held in the BWC Thrift Plan and the fair market value of BWC common stock as of March 2, 2015.
- F2Grant of restricted stock units pursuant to the Amended and Restated 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company. Each restricted stock unit represents a contingent right to receive one share of BWC common stock.
- F3100% of the RSUs vest on March 2, 2018.
- F4RSUs vest in three equal annual installments beginning March 2, 2016.
- F5Grant of stock options pursuant to the Amended and Restated 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company.
- F6Stock options vest in three equal annual installments beginning March 2, 2016.
- F7The reporting person elected to defer receipt of all shares underlying the RSUs. On March 3, 2015, 11,399 RSUs vested and 363 of those shares were withheld to fulfill tax obligations. In accordance with his deferral election, vested shares will be delivered to the reporting person in four annual installments beginning two years following termination of employment.
- F8RSUs vest in three equal annual installments beginning March 3, 2015.