SEC Form 4 · accession 0001439288-15-000097
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney Jackson
Officer — SVP-Bus.&Corp. Development
Period of report
Aug 19, 2015
Accepted (ET)
Aug 20, 2015 · 3:12 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 | Aug 19, 2015 | P | 3,125 | $20.8411 | A | 8,895 | 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)F2 | $28.60 | holding | — | — | — | Oct 30, 2015 | Oct 30, 2024 | Common Stock | 73,743 | 73,743 | D |
| Stock Option (right to buy)F3 | $25.77 | holding | — | — | — | May 22, 2016 | May 22, 2025 | Common Stock | 25,978 | 25,978 | D |
| Performance Stock UnitsF4 | — | holding | — | — | — | — | — | Common Stock | 2,887 | 2,887 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $20.84 to $20.88. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F2The original option vests in four annual installments beginning on the date listed above.
- F3The original option vests in three annual installments begining 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 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 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.