SEC Form 4 · accession 0001439288-17-000054
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J Zaba
Officer — Group Ex., President-PMC
Period of report
May 19, 2017
Accepted (ET)
May 23, 2017 · 11:18 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 StockF1 | holding | — | — | — | 164 | 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 | 49,383 | A | May 19, 2018 | May 19, 2027 | Common Stock | 49,383 | 49,383 | D |
| Stock Option (right to buy)F2 | $26.91 | holding | — | — | — | Jul 31, 2014 | Jul 31, 2024 | Common Stock | 201,228 | 201,228 | D |
| Stock Option (right to buy)F3 | $25.77 | holding | — | — | — | May 22, 2016 | May 22, 2025 | Common Stock | 33,063 | 33,063 | D |
| Stock Option (right to buy)F3 | $19.70 | holding | — | — | — | May 20, 2017 | May 20, 2026 | Common Stock | 81,904 | 81,904 | D |
| Performance Stock UnitsF4 | — | holding | — | — | — | — | — | Common Stock | 3,675 | 3,675 | D |
Explanation of responses
- F1Based on information from the trustee of the 401(k) Plan.
- F2One 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.
- 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.