SEC Form 4 · accession 0001439288-15-000052
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George J Powers
Officer — Chief Human Resources Officer
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 5:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001439288
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 11 | I | By 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 Option (right to buy)F3 | $25.77 | May 22, 2015 | A | 28,340 | A | May 22, 2016 | May 22, 2025 | Common Stock | 28,340 | 28,340 | D |
| Performance Stock UnitsF4 | — | May 22, 2015 | A | 3,150 | A | — | — | Common Stock | 3,150 | 3,150 | D |
| Stock Option (right to buy)F2 | $26.63 | holding | — | — | — | Feb 6, 2016 | Feb 6, 2025 | Common Stock | 88,344 | 88,344 | D |
Explanation of responses
- F1Based on information from the trustee of the 401(k) Plan.
- F2The original option vests in four annual installments beginning on the date listed above.
- F3The original option vests in three annual installments beginning on the date listed above.
- F4Each performance stock unit ("PSU") represents a contingent right to receive one share of Rexnord Corporation's common stock if certain conditions are satisfied during the three-year performance period (fiscal 2016-fiscal 2018). Vesting of one half of the PSUs is dependent on the relative total shareholder return of Rexnord Corporation's common stock as compared to companies in the S&P 1500 Industrials Sector Index and vesting of the other half depends on goals related to absolute free cash flow conversion. The target number of PSUs that may be earned is reported above; the maximum amount is 200% of the number reported.