SEC Form 4 · accession 0001439288-16-000149
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A. Adams
Officer — President & CEO · Director
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 3:34 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 | May 2, 2016 | M | 25,000 | $4.79 | A | 94,200 | D | |
| Common StockF1,F2 | May 2, 2016 | S | 25,000 | $21.8066 | D | 69,200 | D | |
| Common StockF3 | holding | — | — | — | 3,690 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 1,200 | I | By SEP IRA |
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)F1,F4 | $4.79 | May 2, 2016 | M | 25,000 | D | — | Jul 21, 2016 | Common Stock | 25,000 | 0 | D |
| Stock Option (right to buy)F4 | $4.79 | holding | — | — | — | — | Apr 19, 2017 | Common Stock | 165,138 | 165,138 | D |
| Stock Option (right to buy)F4 | $9.609 | holding | — | — | — | — | Jun 24, 2018 | Common Stock | 89,914 | 89,914 | D |
| Stock Option (right to buy)F4 | $4.804 | holding | — | — | — | — | Jul 30, 2019 | Common Stock | 224,785 | 224,785 | D |
| Stock Option (right to buy)F4 | $4.804 | holding | — | — | — | — | Sep 11, 2019 | Common Stock | 499,524 | 499,524 | D |
| Stock Option (right to buy)F4 | $8.888 | holding | — | — | — | — | Oct 29, 2020 | Common Stock | 166,508 | 166,508 | D |
| Stock Option (right to buy)F5 | $18.00 | holding | — | — | — | Mar 29, 2012 | Mar 29, 2022 | Common Stock | 937,000 | 937,000 | D |
Explanation of responses
- F1The transactions were executed pursuant to a Rule 10b5-1 plan.
- F2This transaction was executed in multiple trades at prices ranging from $21.61 to $21.97. The price reported above reflects the weighted average sale 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.
- F3Based on information from the trustee of the 401(k) Plan.
- F4Option fully vested.
- F5One 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.
Remarks
Pursuant to the Reporting Person's Rule 10b5-1 plan, options that were nearing expiration were exercised and the underlying shares were sold.