SEC Form 4 · accession 0001439288-15-000105
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Wehr
Officer — Group Ex., President-Zurn
Period of report
Sep 3, 2015
Accepted (ET)
Sep 8, 2015 · 11:22 am 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 | Sep 3, 2015 | S | 253 | $19.83 | D | 1,877 | D | |
| Common StockF2 | holding | — | — | — | 3,237 | 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 | $4.804 | holding | — | — | — | — | Jul 30, 2019 | Common Stock | 29,964 | 29,964 | D |
| Stock Option (right to buy)F3 | $8.888 | holding | — | — | — | — | Jul 29, 2020 | Common Stock | 20,813 | 20,813 | D |
| Stock Option (right to buy)F4 | $22.03 | holding | — | — | — | May 11, 2012 | May 11, 2022 | Common Stock | 35,000 | 35,000 | D |
| Stock Option (right to buy)F5 | $19.00 | holding | — | — | — | May 23, 2013 | May 23, 2023 | Common Stock | 45,000 | 45,000 | D |
| Stock Option (right to buy)F6 | $29.31 | holding | — | — | — | Sep 3, 2015 | Sep 3, 2024 | Common Stock | 27,100 | 27,100 | D |
| Stock Option (right to buy)F7 | $25.77 | holding | — | — | — | May 22, 2016 | May 22, 2025 | Common Stock | 30,702 | 30,702 | D |
| Performance Stock UnitsF8 | — | holding | — | — | — | — | — | Common Stock | 3,412 | 3,412 | D |
Explanation of responses
- F1Shares were sold to satisfy tax withholding obligations and related fees in connection with the vesting of restricted stock units.
- F2Based on information from the trustee of the 401(k) Plan.
- F3Option fully vested.
- 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.
- F5One 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.
- F6The original option vests in four annual installments beginning on the date listed above.
- F7The original option vests in three annual installments beginning on the date listed above.
- F8Each 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.