Errol R. Halperin - Jul 1, 2022 Form 4 Insider Report for Zurn Water Solutions Corp (ZWS)

Role: Director, 10%+ Owner
Signature: /s/ Jeffrey J. LaValle, as attorney-in-fact for Errol R. Halperin
Stock symbol: ZWS
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/11/2022, 09:07 PM
Next filing: Jul 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZWS	Common Stock	Award		+17K			17K	Jul 1, 2022	Direct	F1, F2
transaction	ZWS	Common Stock	Award		+1.04M			1.04M	Jul 1, 2022	By Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person owns more than 10% of the Issuer's outstanding Common Stock pursuant to Section 13(d) and is a joint filer of a Schedule 13D filed on July 11, 2022. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by the other joint filers of such Schedule 13D except to the extent of his pecuniary interest therein.
F2	Pursuant to that certain Agreement and Plan of Merger, dated as of February 12, 2022 (the "Merger Agreement"), by and among the Issuer, Zebra Merger Sub, Inc., Elkay Manufacturing Company ("Elkay"), and Elkay Interior Systems International, Inc., upon the closing of the transactions contemplated thereby on July 1, 2022, each share of Elkay Class A, B, M and N common stock was automatically converted into the right to receive a number of shares of the Issuer's common stock based on the exchange ratio described in the Issuer's Registration Statement on Form S-4, as amended (Reg. No. 333-264125).

Content

The reporting person owns more than 10% of the Issuer's outstanding Common Stock pursuant to Section 13(d) and is a joint filer of a Schedule 13D filed on July 11, 2022. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by the other joint filers of such Schedule 13D except to the extent of his pecuniary interest therein.

Pursuant to that certain Agreement and Plan of Merger, dated as of February 12, 2022 (the "Merger Agreement"), by and among the Issuer, Zebra Merger Sub, Inc., Elkay Manufacturing Company ("Elkay"), and Elkay Interior Systems International, Inc., upon the closing of the transactions contemplated thereby on July 1, 2022, each share of Elkay Class A, B, M and N common stock was automatically converted into the right to receive a number of shares of the Issuer's common stock based on the exchange ratio described in the Issuer's Registration Statement on Form S-4, as amended (Reg. No. 333-264125).

Remarks:

This Form 4 is being filed late due to an unanticipated delay in obtaining EDGAR filing codes.