SEC Form 4 · accession 0001439288-18-000034
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 22, 2018
Accepted (ET)
May 24, 2018 · 7:49 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 22, 2018 | M | 4,074 | — | A | 4,074 | D | |
| Common Stock | May 22, 2018 | F | 1,297 | $28.94 | D | 2,777 | D | |
| Common StockF3 | holding | — | — | — | 163 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | — | May 22, 2018 | A | 399 | A | — | — | Common Stock | 399 | 4,074 | D |
| Performance Stock UnitsF1 | — | May 22, 2018 | M | 4,074 | D | — | — | Common Stock | 4,074 | 0 | D |
| Stock Option (right to buy)F4 | $26.91 | holding | — | — | — | Jul 31, 2014 | Jul 31, 2024 | Common Stock | 201,228 | 201,228 | D |
| Stock Option (right to buy)F5 | $25.77 | holding | — | — | — | — | May 22, 2025 | Common Stock | 33,063 | 33,063 | D |
| Stock Option (right to buy)F6 | $19.70 | holding | — | — | — | May 20, 2017 | May 20, 2026 | Common Stock | 81,904 | 81,904 | D |
| Stock Option (right to buy)F6 | $23.13 | holding | — | — | — | May 19, 2018 | May 19, 2027 | Common Stock | 49,383 | 49,383 | D |
Explanation of responses
- F1Based on Rexnord Corporation's performance during the three-year performance period (fiscal 2016-fiscal 2018), the performance stock units ("PSUs") vested at the level indicated above (the Reporting Person had the opportunity to earn up to 200% of the number originally reported, as previously disclosed).
- F2Shares were withheld to satisfy tax withholding obligations in connection with the vesting of PSUs.
- F3Based on information from the trustee of the 401(k) Plan.
- 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.
- F5Option fully vested.
- F6The original option vests in three annual installments beginning on the date listed above.