SEC Form 4 · accession 0001439288-17-000041
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sudhanshu Chhabra
Officer — Regional Executive India & M.E
Period of report
May 19, 2017
Accepted (ET)
May 23, 2017 · 11:07 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001439288
Table I — non-derivative securities
No Table I lines on this filing.
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 | $23.13 | May 19, 2017 | A | 18,519 | A | May 19, 2018 | May 19, 2027 | Common Stock | 18,519 | 18,519 | D |
| Stock Option (right to buy)F1 | $28.60 | holding | — | — | — | Oct 30, 2015 | Oct 30, 2024 | Common Stock | 50,280 | 50,280 | D |
| Stock Option (right to buy)F2 | $25.77 | holding | — | — | — | May 22, 2016 | May 22, 2025 | Common Stock | 25,978 | 25,978 | D |
| Stock Option (right to buy)F2 | $19.70 | holding | — | — | — | May 20, 2017 | May 20, 2026 | Common Stock | 38,222 | 38,222 | D |
| Performance Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 2,887 | 2,887 | D |
Explanation of responses
- F1The original option vests in four annual installments beginning on the date listed above.
- F2The original option vests in three annual installments beginning on the date listed above.
- F3Each 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.