SEC Form 4 · accession 0000025445-17-000074
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis V. Pinkham
Officer — Senior Vice President
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000025445
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 3, 2017 | M | 5,000 | $41.42 | A | 24,611 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 3, 2017 | M | 4,368 | $48.59 | A | 28,979 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 3, 2017 | M | 13,156 | $64.78 | A | 42,135 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 3, 2017 | M | 12,424 | $58.47 | A | 54,559 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Feb 3, 2017 | S | 34,948 | $75.077 | D | 19,611 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $41.42 | Feb 3, 2017 | M | 5,000 | D | — | Oct 22, 2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 5,000 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $48.59 | Feb 3, 2017 | M | 4,368 | D | — | Jan 28, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 4,368 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $64.78 | Feb 3, 2017 | M | 13,156 | D | — | Jan 27, 2024 | CRANE CO. COMMON, PAR VALUE $1.00 | 13,156 | 4,386 | D |
| Employee Stock Option (Right to Buy)F5 | $58.47 | Feb 3, 2017 | M | 12,424 | D | — | Jan 26, 2025 | CRANE CO. COMMON, PAR VALUE $1.00 | 12,424 | 12,424 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from exercises of options granted on 10/22/2012 and expiring on 10/22/2018; options granted on 01/28/2013 and expiring on 01/28/2019; options granted on 01/27/2014 and expiring on 1/27/2024; and options granted on 01/26/2015 and expiring on 1/26/2025.
- F2This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (10/22/2012).
- F3This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/28/2013).
- F4This option vested 25% on the first, 50% on the second 75% on the third anniversary of the grant date (01/26/2015). The remaining 25% will vest on the fourth anniversary of the grant date.
- F5This option vested 25% on the first and 50% on the second anniversary of the grant date (01/26/2015). The remaining 50% will vest on the third and fourth anniversary of the grant date.