SEC Form 4 · accession 0001179110-15-013413
SPX FLOW, Inc. · FLOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
David Adam Kowalski
Officer — Pres, Global Mfg Ops
Period of report
Sep 26, 2015
Accepted (ET)
Sep 29, 2015 · 6:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001641991
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 26, 2015 | A | 60,660 | $0.00 | A | 104,123 | D | |
| Common Stock | holding | — | — | — | 1,934 | I | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option to purchase common stockF3,F4 | $64.70 | Sep 26, 2015 | A | 38,572 | A | — | Jan 2, 2025 | Common Stock | 38,572 | 38,572 | D |
Explanation of responses
- F1Represents restricted stock granted in accordance with the employee matters agreement between the Issuer and SPX Corporation ("SPX") to replace restricted stock of SPX held by the reporting person immediately prior to the distribution by SPX to its stockholders of all of the outstanding shares of the common stock of the Issuer (the "Spin-off"). Final amounts, if different, will be reported in a subsequent filing.
- F2Includes shares of Issuer common stock received in connection with the Spin-off in an exempt transaction pursuant to Rule 16a-9.
- F3Represents options to purchase shares of the Issuer's common stock granted to the reporting person as a result of adjustments to existing SPX stock options made in connection with the Spin-off. Final amounts, if different, will be reported in a subsequent filing.
- F4The option vests in three equal annual installments beginning on January 2, 2016, and the exercise period ends on January 2, 2025.