SEC Form 4 · accession 0001492627-18-000003
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Black
Officer — Sr. V.P, CFO
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 4:37 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 6, 2018 | M | 7,323 | $23.62 | A | 75,042 | D | |
| Common Stock | Mar 6, 2018 | M | 5,052 | $24.45 | A | 80,094 | D | |
| Common Stock | Mar 6, 2018 | F | 7,220 | $63.92 | D | 72,874 | D | |
| Common StockF1 | holding | — | — | — | 2,795 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2,F3 | $23.62 | Mar 6, 2018 | M | 7,323 | D | — | Mar 2, 2025 | Common Stock | 7,323 | 0 | D |
| Stock Options (right to buy)F4 | $24.45 | Mar 6, 2018 | M | 5,052 | D | — | Jul 1, 2025 | Common Stock | 5,052 | 5,052 | D |
Explanation of responses
- F1Based on the number of units held in the BWXT Thrift Plan and the fair market value of BWXT common stock as of March 1, 2018.
- F2Represents 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.
- F3Stock options vest in three equal annual installments beginning March 2, 2016.
- F4Stock options vest in three equal annual installments beginning July 1, 2016.