SEC Form 4 · accession 0001492627-19-000001
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Willard Mies
Director
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 4:47 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 | Jan 1, 2019 | M | 1,034 | $0.00 | A | 8,101 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Jan 1, 2019 | M | 756 | D | — | — | Common Stock | 756 | 2,273 | D |
| Restricted Stock UnitsF1 | $0.00 | Jan 1, 2019 | M | 231 | D | — | — | Common Stock | 231 | 695 | D |
| Dividend Equivalent RightsF2 | — | Jan 1, 2019 | M | 47 | D | — | — | Common Stock | 47 | 1,143 | D |
Explanation of responses
- F1RSUs vested immediately. The reporting person elected to defer receipt of shares underlying the RSUs. In accordance with his deferral election, vested shares will be delivered to the reporting person in five annual installments upon the earliest to occur of: (a) the reporting person's termination of service on the Board of Directors; (b) the reporting person's disability; or (c) January 1, 2018.
- F2The dividend equivalent rights accrued on eight restricted stock unit grants of which the reporting person has elected to defer receipt of the shares underlying the RSUs. Each RSU and DER represent a contingent right to receive one share of BWXT common stock. In accordance with the deferral election, the DERs will be delivered to the reporting person proportionately with the RSUs to which they relate.