SEC Form 4 · accession 0001492520-17-000041
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason S. Kerr
Officer — VP & Chief Accounting Officer
Period of report
Aug 11, 2017
Accepted (ET)
Aug 15, 2017 · 3:53 pm EDT
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 | Aug 11, 2017 | M | 1,365 | $24.45 | A | 4,312 | D | |
| Common Stock | Aug 11, 2017 | S | 1,365 | $54.13 | D | 2,947 | D | |
| Common StockF1 | holding | — | — | — | 288 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $24.45 | Aug 11, 2017 | M | 1,365 | D | Jul 1, 2016 | Jul 1, 2025 | Common Stock | 1,365 | 1,365 | D |
Explanation of responses
- F1Based on number of units held in the BWXT Thrift Plan and the fair market value of BWXT common stock as of August 9, 2017.
- F2For each exercise of stock options by the reporting person, the Issuer withheld shares of BWXT common stock to satisfy the exercise price of such options and tax withholding obligations.
- F3Stock options vested in three equal annual installments beginning July 1, 2016.