SEC Form 4 · accession 0001439288-15-000103
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark W Peterson
Officer — SVP & Chief Financial Officer
Period of report
Sep 3, 2015
Accepted (ET)
Sep 4, 2015 · 3:56 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 | Sep 3, 2015 | I | 3,466 | $19.83 | A | 3,466 | I | By 401(k) Plan |
| Common Stock | Sep 4, 2015 | P | 2,540 | $19.64 | A | 5,540 | 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 | $4.804 | holding | — | — | — | — | Jul 30, 2019 | Common Stock | 5,620 | 5,620 | D |
| Stock Option (right to buy)F2 | $8.888 | holding | — | — | — | — | Jul 29, 2020 | Common Stock | 7,284 | 7,284 | D |
| Stock Option (right to buy)F3 | $18.737 | holding | — | — | — | Dec 29, 2012 | Dec 29, 2021 | Common Stock | 83,254 | 83,254 | D |
| Stock Option (right to buy)F4 | $22.03 | holding | — | — | — | May 11, 2012 | May 11, 2022 | Common Stock | 225,000 | 225,000 | D |
| Stock Option (right to buy)F5 | $25.77 | holding | — | — | — | May 22, 2016 | May 22, 2025 | Common Stock | 75,574 | 75,574 | D |
| Performance Stock UnitsF6 | — | holding | — | — | — | — | — | Common Stock | 8,400 | 8,400 | D |
Explanation of responses
- F1Based on information from the trustee of the 401(k) Plan.
- F2Option fully vested.
- F3One 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.
- F4One 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.
- F5The original option vests in three annual installments beginning on the date listed above.
- F6Each 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 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.