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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $ 4.79 | (3) | 11/30/2017 | Common Stock | 39,110 | 39,110 | D | ||||||||
Stock Option (right to buy) | $ 8.888 | (3) | 07/29/2020 | Common Stock | 29,138 | 29,138 | D | ||||||||
Stock Option (right to buy) | $ 22.03 | (3) | 05/11/2022 | Common Stock | 45,000 | 45,000 | D | ||||||||
Stock Option (right to buy) | $ 19 | 05/23/2013(4) | 05/23/2023 | Common Stock | 25,000 | 25,000 | D | ||||||||
Stock Option (right to buy) | $ 29.31 | 09/03/2015(5) | 09/03/2024 | Common Stock | 17,490 | 17,490 | D | ||||||||
Stock Option (right to buy) | $ 25.77 | 05/22/2016(6) | 05/22/2025 | Common Stock | 25,978 | 25,978 | D | ||||||||
Stock Option (right to buy) | $ 19.7 | 05/20/2017(6) | 05/20/2026 | Common Stock | 38,768 | 38,768 | D | ||||||||
Stock Option (right to buy) | $ 23.13 | 05/19/2018(6) | 05/19/2027 | Common Stock | 18,519 | 18,519 | D | ||||||||
Performance Stock Units | (7) | (7) | (7) | Common Stock | 2,887 | 2,887 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Troutman Michael 247 FRESHWATER WAY SUITE 300 MILWAUKEE, WI 53214 |
Chief Information Officer |
/s/ Jeffrey J. LaValle under Power of Attorney for Michael Troutman | 09/06/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares were sold to satisfy tax withholding obligations and related fees in connection with the vesting of restricted stock units. |
(2) | This 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. |
(3) | Option fully vested. |
(4) | One 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. |
(5) | The original option vests in four annual installments beginning on the date listed above. |
(6) | The original option vests in three annual installments beginning on the date listed above. |
(7) | Each 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. |