SEC Form 4 · accession 0001439288-15-000058
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia M Whaley
Officer — Vice Pres.-General Counsel
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 5:59 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 Stock | holding | — | — | — | 49,097 | D |
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)F6 | $25.77 | May 22, 2015 | A | 21,255 | A | May 22, 2016 | May 22, 2025 | Common Stock | 21,255 | 21,255 | D |
| Performance Stock UnitsF7 | — | May 22, 2015 | A | 2,362 | A | — | — | Common Stock | 2,362 | 2,362 | D |
| Stock Option (right to buy)F1 | $4.804 | holding | — | — | — | — | Jul 30, 2019 | Common Stock | 3,330 | 3,330 | D |
| Stock Option (right to buy)F2 | $8.888 | holding | — | — | — | Jul 29, 2011 | Jul 29, 2020 | Common Stock | 8,325 | 8,325 | D |
| Stock Option (right to buy)F3 | $22.03 | holding | — | — | — | May 11, 2012 | May 11, 2022 | Common Stock | 45,000 | 45,000 | D |
| Stock Option (right to buy)F4 | $19.00 | holding | — | — | — | May 23, 2013 | May 23, 2023 | Common Stock | 25,000 | 25,000 | D |
| Stock Option (right to buy)F5 | $29.31 | holding | — | — | — | Sep 3, 2015 | Sep 3, 2024 | Common Stock | 17,490 | 17,490 | D |
Explanation of responses
- F1Option fully vested.
- F2One half of the original option vests in five annual installments beginning on the date listed above. The other half vests in five annual installments on March 31 of each fiscal year based on continued employment.
- F3One half of the original option vested three years from the date listed above and the other half vests five years from the date listed above.
- F4One half of the original option vests three years from the date listed above and the other half vests five years from the date listed above.
- F5The original option vests in four annual installments beginning on the date listed above.
- F6The original option vests in three annual installments beginning on the date listed above.
- F7Each 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.