SEC Form 4 · accession 0001439288-17-000046
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
May 19, 2017
Accepted (ET)
May 23, 2017 · 11:12 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 | holding | — | — | — | 5,540 | D | ||
| Common StockF1 | holding | — | — | — | 3,428 | 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 | $23.13 | May 19, 2017 | A | 58,642 | A | May 19, 2018 | May 19, 2027 | Common Stock | 58,642 | 58,642 | D |
| 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)F2 | $18.737 | holding | — | — | — | — | Dec 29, 2021 | Common Stock | 83,254 | 83,254 | D |
| Stock Option (right to buy)F2 | $22.03 | holding | — | — | — | — | May 11, 2022 | Common Stock | 225,000 | 225,000 | D |
| Stock Option (right to buy)F3 | $25.77 | holding | — | — | — | May 22, 2016 | May 22, 2025 | Common Stock | 75,574 | 75,574 | D |
| Stock Option (right to buy)F3 | $19.70 | holding | — | — | — | May 20, 2017 | May 20, 2026 | Common Stock | 98,284 | 98,284 | D |
| Performance Stock UnitsF4 | — | 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.
- F3The original option vests in three annual installments beginning 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.