0001439288-17-000111.txt : 20170912
0001439288-17-000111.hdr.sgml : 20170912
20170912163034
ACCESSION NUMBER: 0001439288-17-000111
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170908
FILED AS OF DATE: 20170912
DATE AS OF CHANGE: 20170912
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Troutman Michael
CENTRAL INDEX KEY: 0001713078
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35475
FILM NUMBER: 171081409
MAIL ADDRESS:
STREET 1: 247 FRESHWATER WAY
STREET 2: SUITE 300
CITY: MILWAUKEE
STATE: WI
ZIP: 53204
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Rexnord Corp
CENTRAL INDEX KEY: 0001439288
STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560]
IRS NUMBER: 205197013
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 247 FRESHWATER WAY
STREET 2: SUITE 300
CITY: MILWAUKEE
STATE: WI
ZIP: 53204
BUSINESS PHONE: 414-643-3000
MAIL ADDRESS:
STREET 1: 247 FRESHWATER WAY
STREET 2: SUITE 300
CITY: MILWAUKEE
STATE: WI
ZIP: 53204
FORMER COMPANY:
FORMER CONFORMED NAME: Rexnord Holdings, Inc
DATE OF NAME CHANGE: 20080707
4
1
wf-form4_150524822041427.xml
FORM 4
X0306
4
2017-09-08
0
0001439288
Rexnord Corp
RXN
0001713078
Troutman Michael
247 FRESHWATER WAY
SUITE 300
MILWAUKEE
WI
53214
0
1
0
0
Chief Information Officer
Common Stock
2017-09-08
4
M
0
39110
4.79
A
43608
D
Common Stock
2017-09-08
4
S
0
22914
24.15
D
20694
D
Stock Option (right to buy)
4.79
2017-09-08
4
M
0
39110
0
D
2017-11-30
Common Stock
39110.0
0
D
Stock Option (right to buy)
8.888
2020-07-29
Common Stock
29138.0
29138
D
Stock Option (right to buy)
22.03
2022-05-11
Common Stock
45000.0
45000
D
Stock Option (right to buy)
19.0
2013-05-23
2023-05-23
Common Stock
25000.0
25000
D
Stock Option (right to buy)
29.31
2015-09-03
2024-09-03
Common Stock
17490.0
17490
D
Stock Option (right to buy)
25.77
2016-05-22
2025-05-22
Common Stock
25978.0
25978
D
Stock Option (right to buy)
19.7
2017-05-20
2026-05-20
Common Stock
38768.0
38768
D
Stock Option (right to buy)
23.13
2018-05-19
2027-05-19
Common Stock
18519.0
18519
D
Performance Stock Units
Common Stock
2887.0
2887
D
Due to an administrative error by a third party provider, the sale of shares reported in the Reporting Person's Form 4, dated September 6, 2017, to satisfy tax withholding obligations and related fees in connection with the vesting of restricted stock units was understated by 2 shares. The Reporting Person actually sold 130 shares on September 6, 2017, and the balance has been updated accordingly on this Form 4.
This transaction was executed in multiple trades at prices ranging from $24.15 to $24.171. 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.
Option fully vested.
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.
The original option vests in four annual installments beginning on the date listed above.
The original option vests in three annual installments beginning on the date listed above.
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.
/s/ Jeffrey J. LaValle under Power of Attorney for Michael Troutman
2017-09-12