1959 Bulova Seabee in all Stainless, Dial marked 'Waterproof' as shown.
Added 7/2/2012
Mr Baker,
The 1960 database ad (which is actually from 1959) giving the ID for this Watch Names it the 'SEA BEE' (the Yankee Clipper is shown below the descriptive text)
Updated
Sure looks like the SeeBee to me. Ad states waterproof. Subject watch has waterproof on dial, ad doesn't, makes no real difference in ID'ing as a SeeBee. Ticks 3, confirmed. The jewel count etc, IMO, is less important than what the SeeBee looks like, and having one in the database before it gets closed to new entries is paramount to me now. If we were going to be able to somehow add new watches and information/history in the future, I may not feel this way, but for now, I feel we need to get nice watches and good info in DB while we can.
Gets 3 from me, Nice watch Geoff.
Seabee "A".
Seabee "A" See Seabee "B" record for comparison.
ID changed from Seabee to add the variant "A" designation.