SEC Form 4 · accession 0001439288-17-000108
Zurn Elkay Water Solutions Corp · ZWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Troutman
Officer — Chief Information Officer
Period of report
Sep 6, 2017
Accepted (ET)
Sep 6, 2017 · 6:06 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 StockF2 | Sep 6, 2017 | S | 128 | $23.73 | D | 4,500 | D |
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 | $4.79 | holding | — | — | — | — | Nov 30, 2017 | Common Stock | 39,110 | 39,110 | D |
| Stock Option (right to buy)F3 | $8.888 | holding | — | — | — | — | Jul 29, 2020 | Common Stock | 29,138 | 29,138 | D |
| Stock Option (right to buy)F3 | $22.03 | holding | — | — | — | — | May 11, 2022 | Common Stock | 45,000 | 45,000 | D |
| Stock Option (right to buy)F4 | $19.00 | holding | — | — | — | May 23, 2013 | May 23, 2023 | Common Stock | 25,000 | 25,000 | D |
| Stock Option (right to buy)F5 | $29.31 | holding | — | — | — | Sep 3, 2015 | Sep 3, 2024 | Common Stock | 17,490 | 17,490 | D |
| Stock Option (right to buy)F6 | $25.77 | holding | — | — | — | May 22, 2016 | May 22, 2025 | Common Stock | 25,978 | 25,978 | D |
| Stock Option (right to buy)F6 | $19.70 | holding | — | — | — | May 20, 2017 | May 20, 2026 | Common Stock | 38,768 | 38,768 | D |
| Stock Option (right to buy)F6 | $23.13 | holding | — | — | — | May 19, 2018 | May 19, 2027 | Common Stock | 18,519 | 18,519 | D |
| Performance Stock UnitsF7 | — | holding | — | — | — | — | — | Common Stock | 2,887 | 2,887 | D |
Explanation of responses
- F1Shares were sold to satisfy tax withholding obligations and related fees in connection with the vesting of restricted stock units.
- F2This transaction was executed in multiple trades at prices ranging from $23.70 to $23.76. 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.
- F3Option fully vested.
- F4One 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.
- F5The original option vests in four annual installments beginning on the date listed above.
- F6The original option vests in three annual installments beginning on the date listed above.
- F7Each 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.