SEC Form 4 · accession 0001645863-18-000001
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 21, 2018
Accepted (ET)
Mar 22, 2018 · 4:49 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 | Mar 21, 2018 | M | 2,763 | $23.62 | A | 8,596 | D | |
| Common Stock | Mar 21, 2018 | F | 1,517 | $66.23 | D | 7,079 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2,F3 | $23.62 | Mar 21, 2018 | M | 2,763 | D | — | Mar 2, 2025 | Common Stock | 2,763 | 0 | 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.