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Filing Details

Accession Number:: 0001439288-17-000111
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-09-12 16:30:34
Reporting Period:: 2017-09-08

Accepted Time:: 2017-09-12 16:30:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1439288	Rexnord Corp	RXN	General Industrial Machinery & Equipment (3560)	205197013

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1713078	Michael Troutman	247 Freshwater Way Suite 300 Milwaukee WI 53214	Chief Information Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2017-09-08	39,110	$4.79	43,608	No	4	M	Direct
Common Stock	Disposition	2017-09-08	22,914	$24.15	20,694	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2017-09-08	39,110	$0.00	39,110	$4.79

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2017-11-30	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (right to buy)	$8.89		2020-07-29	29,138	29,138	Direct
Common Stock	Stock Option (right to buy)	$22.03		2022-05-11	45,000	45,000	Direct
Common Stock	Stock Option (right to buy)	$19.00	2013-05-23	2023-05-23	25,000	25,000	Direct
Common Stock	Stock Option (right to buy)	$29.31	2015-09-03	2024-09-03	17,490	17,490	Direct
Common Stock	Stock Option (right to buy)	$25.77	2016-05-22	2025-05-22	25,978	25,978	Direct
Common Stock	Stock Option (right to buy)	$19.70	2017-05-20	2026-05-20	38,768	38,768	Direct
Common Stock	Stock Option (right to buy)	$23.13	2018-05-19	2027-05-19	18,519	18,519	Direct
Common Stock	Performance Stock Units	$0.00			2,887	2,887	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-07-29	29,138	29,138	Direct
2022-05-11	45,000	45,000	Direct
2023-05-23	25,000	25,000	Direct
2024-09-03	17,490	17,490	Direct
2025-05-22	25,978	25,978	Direct
2026-05-20	38,768	38,768	Direct
2027-05-19	18,519	18,519	Direct
	2,887	2,887	Direct

Footnotes

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.