| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol BWX Technologies, Inc. [ BWXT ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 07/06/2015 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (right to buy) | $8.09(1) | 07/06/2015 | D(1) | 153 | (2) | 03/05/2016 | Common Stock | 153 | $0.00 | 2,538 | D | ||||
| Stock Option (right to buy) | $18.75(1) | 07/06/2015 | D(1) | 67 | (3) | 03/04/2017 | Common Stock | 67 | $0.00 | 1,102 | D | ||||
| Stock Option (right to buy) | $26.39(1) | 07/06/2015 | D(1) | 171 | (4) | 03/04/2018 | Common Stock | 171 | $0.00 | 2,844 | D | ||||
| Stock Option (right to buy) | $20.31(1) | 07/06/2015 | D(1) | 161 | (5) | 03/05/2019 | Common Stock | 161 | $0.00 | 2,686 | D | ||||
| Stock Option (right to buy) | $20.47(1) | 07/06/2015 | D(1) | 302 | (6) | 03/04/2020 | Common Stock | 302 | $0.00 | 5,041 | D | ||||
| Stock Option (right to buy) | $24.97(1) | 07/06/2015 | D(1) | 310 | (7) | 03/03/2021 | Common Stock | 310 | $0.00 | 5,174 | D | ||||
| Stock Option (right to buy) | $23.62(1) | 07/06/2015 | A(1) | 2,938 | (8) | 03/02/2025 | Common Stock | 2,938 | $0.00 | 12,436 | D | ||||
| Restricted Stock Unit | $0.00 | 07/06/2015 | A(1) | 544 | (9) | 03/02/2018 | Common Stock | 544 | $0.00 | 2,303 | D | ||||
| Restricted Stock Unit | $0.00 | 07/06/2015 | A(1) | 527 | (10) | 03/02/2018 | Common Stock | 527 | $0.00 | 2,231 | D | ||||
| Explanation of Responses: |
| 1. Represents 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. |
| 2. 100% of the stock options are vested. |
| 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. Two-thirds of the stock options are vested. The remaining one-third of the stock options will vest March 4, 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 cliff vest on March 2, 2018. |
| 10. RSUs vest in three equal annual installments beginning March 2, 2016. |
| Remarks: |
| Senior Vice President, Human Resources |
| /s/ Benjamin H. Bash, by Theresa B. Taylor, attorney-in-fact | 07/08/2015 | |
| ** 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 4 (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. | ||
