Rexnord Corp 4
4 · Rexnord Corp · Filed May 27, 2015
Insider Transaction Report
Form 4
Rexnord CorpRXN
Nelson Donald J
Group Ex., President-Aerospace
Transactions
- Award
Stock Option (right to buy)
2015-05-22+18,893→ 18,893 totalExercise: $25.77From: 2016-05-22Exp: 2025-05-22→ Common Stock (18,893 underlying) - Award
Performance Stock Units
2015-05-22+2,100→ 2,100 total→ Common Stock (2,100 underlying)
Holdings
- 75,460
Stock Option (right to buy)
Exercise: $26.91From: 2014-07-31Exp: 2024-07-31→ Common Stock (75,460 underlying)
Footnotes (3)
- [F1]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.
- [F2]The original option vests in three annual installments beginning on the date listed above.
- [F3]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 one half 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 vesting of the other half depends 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.