SEC Form 4/A · accession 0001517109-16-000009
BWX Technologies, Inc. · BWXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Peyton S. Baker
Officer — CEO and President · Director
Period of report
Mar 4, 2016
Accepted (ET)
Mar 10, 2016 · 2:54 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 | 23 | $0.00 | A | 66,451 | D | |
| Common Stock | Mar 4, 2016 | F | 23 | $32.34 | D | 66,428 | D | |
| Common Stock | Mar 4, 2016 | M | 139 | $0.00 | A | 66,567 | D | |
| Common Stock | Mar 4, 2016 | F | 139 | $32.34 | D | 66,428 | 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 UnitF2 | $0.00 | Mar 4, 2016 | M | 23 | D | — | Mar 4, 2016 | Common Stock | 23 | 4,128 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 4, 2016 | M | 139 | D | — | Mar 4, 2016 | Common Stock | 139 | 8,242 | D |
Explanation of responses
- F1The Reporting Person elected to defer receipt of all shares underlying the restricted stock units. On March 4, 2016, 703 restricted stock units vested and 23 of those shares were withheld to fulfill tax obligations. The original Form 4 filed on March 8, 2016 erroneously reported that 33 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.
- F2Restricted 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.
- F3The 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 139 of those shares were withheld to fulfill tax obligations. The original Form 4 filed on March 8, 2016 erroneously reported that 201 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.
- F4Restricted 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.