SEC Form 4 · accession 0001225208-18-011995
WATTS WATER TECHNOLOGIES INC · WTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Robert Lepage
Officer — General Counsel
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 12:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000795403
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jul 26, 2018 | M | 6,201 | $57.47 | A | 56,959 | D | |
| Class A Common Stock | Jul 26, 2018 | S | 6,201 | $85.00 | D | 50,758 | D | |
| Class A Common Stock | Jul 27, 2018 | F | 677 | $83.75 | D | 50,081 | 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 | $57.47 | Jul 26, 2018 | M | 6,201 | D | Aug 1, 2015 | Aug 1, 2024 | Class A Common Stock | 6,201 | 0 | D |
Explanation of responses
- F1The sale of 6,201 shares of Class A Common Stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2018.
- F2Represents the number of shares required to be withheld from the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock awarded to the Reporting Person on July 27, 2015. The withholding of shares to cover tax withholding obligations is mandated by the terms of the Reporting Person's restricted stock award under the Issuer's Second Amended and Restated 2004 Stock Incentive Plan and does not represent a discretionary trade by the Reporting Person.
- F3The stock option vests in three equal annual installments beginning on the date set forth above.