Benjamin H. Bash Form 3 BWX / Benjamin H. Bash ownership change

SEC Form 3

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^*

Bash Benjamin H.

(Last) (First) (Middle)

800 MAIN STREET, 4TH FLOOR

(Street)

LYNCHBURG VA 24504

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2015

3. Issuer Name and Ticker or Trading Symbol
BWX Technologies, Inc. [ BWXT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
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	7,856	D
Common Stock	475(1)	I	401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Option (right to buy)(2)	(3)	03/05/2016	Common Stock	2,691	10.58	D
Stock Option (right to buy)(2)	(4)	03/04/2017	Common Stock	1,169	24.55	D
Stock Option (right to buy)(2)	(5)	03/04/2018	Common Stock	3,015	34.55	D
Stock Option (right to buy)(2)	(6)	03/05/2019	Common Stock	2,847	26.59	D
Stock Option (right to buy)(2)	(7)	03/04/2020	Common Stock	5,343	26.8	D
Stock Option (right to buy)(2)	(8)	03/03/2021	Common Stock	5,484	32.69	D
Stock Option (right to buy)(2)	(9)	03/02/2025	Common Stock	9,498	30.92	D
Restricted Stock Unit	(10)	03/04/2016	Common Stock	381	0.00	D
Restricted Stock Unit	(11)	03/03/2017	Common Stock	678	0.00	D
Restricted Stock Unit(2)	(12)	03/02/2018	Common Stock	1,759	0.00	D
Restricted Stock Unit(2)	(13)	03/02/2018	Common Stock	1,704	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. 100% of the stock options are vested.

6. 100% of the stock options are vested.

7. Two-thirds of the stock options are vested. The remaining one-third of the stock options will vest March 4, 2016.

8. 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.

9. Stock options vest in three equal annual installments beginning March 2, 2016.

10. 100% of RSUs vest on March 4, 2016.

11. RSUs vest in two equal annual installments beginning March 3, 2016.

12. 100% of RSUs cliff vest on March 2, 2018.

13. RSUs vest in three equal annual installments beginning March 2, 2016.

Remarks:

Senior Vice President, Human Resources Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Benjamin H. Bash, 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.