SEC Form 4 · accession 0001645863-17-000005
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
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 5:26 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, 2017 | M | 1,363 | $0.00 | A | 3,074 | D | |
| Common Stock | Mar 3, 2017 | F | 443 | $47.49 | D | 2,631 | D | |
| Common Stock | Mar 3, 2017 | M | 231 | $0.00 | A | 2,862 | D | |
| Common Stock | Mar 3, 2017 | F | 76 | $47.79 | D | 2,786 | D | |
| Common Stock | Mar 3, 2017 | M | 1,173 | $0.00 | A | 3,959 | D | |
| Common Stock | Mar 3, 2017 | S | 1,173 | $47.90 | D | 2,786 | D | |
| Common StockF1 | holding | — | — | — | 287 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2 | $0.00 | Mar 3, 2017 | M | 1,363 | D | — | Mar 3, 2017 | Common Stock | 1,363 | 0 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 3, 2017 | M | 231 | D | — | Mar 3, 2017 | Common Stock | 231 | 0 | D |
| Stock Option (right to buy) | $24.97 | Mar 3, 2017 | M | 1,173 | D | Mar 3, 2016 | Mar 3, 2021 | Common Stock | 1,173 | 0 | 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 March 1, 2017.
- F2100% of RSUs cliff vest on March 3, 2017.
- F3Restricted stock units vest in three equal annual installments beginning March 3, 2015.
- F4For 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.