SEC Form 4 · accession 0000025445-17-000075
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kristian Robert Salovaara
Officer — VP, Business Development
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 5:01 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 | 20,000 | $46.52 | A | 29,280 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Feb 3, 2017 | S | 15,494 | $74.8477 | D | 13,786 | 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 | $46.52 | Feb 3, 2017 | M | 20,000 | D | — | May 23, 2017 | CRANE CO. COMMON, PAR VALUE $1.00 | 20,000 | 0 | D |
Explanation of responses
- F1Simultaneous sale of shares resulting from an exercise of options.
- 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 (5/23/2011).