FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/01/2015 |
3. Issuer Name and Ticker or Trading Symbol
BWX Technologies, Inc. [ BWXT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 8,864 | D | |
Common Stock | 1,115(1) | I | 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Options (right to buy)(2) | (3) | 05/12/2018 | Common Stock | 7,395 | $29.1 | D | |
Stock Options (right to buy)(2) | (4) | 03/05/2019 | Common Stock | 6,765 | $26.59 | D | |
Stock Option (right to buy)(2) | (5) | 03/04/2020 | Common Stock | 12,753 | $26.8 | D | |
Stock Option (right to buy)(2) | (6) | 03/03/2021 | Common Stock | 12,723 | $32.69 | D | |
Stock Option (right to buy)(2) | (7) | 05/15/2021 | Common Stock | 3,765 | $32.38 | D | |
Stock Option (right to buy)(2) | (8) | 03/02/2025 | Common Stock | 23,742 | $30.92 | D | |
Restricted Stock Unit | (9) | 03/04/2016 | Common Stock | 909 | $0.00 | D | |
Restricted Stock Unit | (10) | 03/03/2017 | Common Stock | 1,574 | $0.00 | D | |
Restricted Stock Unit | (11) | 03/03/2017 | Common Stock | 466 | $0.00 | D | |
Restricted Stock Unit(2) | (12) | 03/02/2018 | Common Stock | 4,260 | $0.00 | D | |
Restricted Stock Unit(2) | (13) | 03/02/2018 | Common Stock | 4,399 | $0.00 | D |
Explanation of Responses: |
1. Based on number of units held in the BWXT Thrift Plan and the fair market value of BWXT common stock as of June 25, 2015. |
2. Number of underlying shares and exercise price are subject to adjustment pursuant to the Employee Matters Agreement, dated as of June 8, 2015, between Issuer and Babcock & Wilcox Enterprises, Inc. in connection with Issuer's spin-off of its Power Generation business on June 30, 2015. |
3. 100% of the stock options are vested. |
4. 100% of the stock options are vested. |
5. Two-thirds of the stock options are vested. The remaining one-third of the stock options will vest March 4, 2016. |
6. One-third of the stock options are vested. The remaining two-thirds of the stock options will vest in two equal annual installments beginning March 3, 2016. |
7. One-third of the stock options are vested. The remaining two-thirds of the stock options will vest in two equal annual installments beginning March 3, 2016. |
8. Stock options vest in three equal annual installments beginning March 2, 2016. |
9. 100% of RSUs vest on March 4, 2016. |
10. RSUs vest in two equal annual installments beginning March 3, 2016. |
11. RSUs vest in two equal annual installments beginning March 3, 2016. |
12. RSUs vest in three equal annual installments beginning March 2, 2016. |
13. 100% of RSUs cliff vest on March 2, 2018. |
Remarks: |
President, BWXT Nuclear Operations Group, Inc. Exhibit List: Exhibit 24 - Power of Attorney |
/s/ Joseph G. Henry, by Theresa B. Taylor, attorney-in-fact | 07/06/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |