SEC Form 4 · accession 0000025445-17-000080
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Curran
Officer — Group President, Aerospace
Period of report
Feb 24, 2017
Accepted (ET)
Feb 27, 2017 · 5:20 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 24, 2017 | M | 8,052 | $43.57 | A | 16,424 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Feb 24, 2017 | S | 8,052 | $71.2189 | D | 8,372 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 24, 2017 | M | 4,260 | $58.47 | A | 12,632 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3,F2 | Feb 24, 2017 | S | 2,800 | $71.2189 | D | 9,832 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 24, 2017 | S | 1,780 | $71.18 | D | 8,052 | 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)F4 | $43.57 | Feb 24, 2017 | M | 8,052 | D | — | Jan 25, 2026 | CRANE CO. COMMON, PAR VALUE $1.00 | 8,052 | 24,157 | D |
| Employee Stock Option (Right to Buy)F5 | $58.47 | Feb 24, 2017 | M | 4,260 | D | — | Jan 26, 2025 | CRANE CO. COMMON, PAR VALUE $1.00 | 4,260 | 12,779 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/25/2016 and expiring on 1/25/2026.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $70.83 to $71.57. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Concurrent sale of shares resulting from an exercise of options granted on 1/26/2015 and expiring on 1/26/2025.
- F4This option vested 25% on the first anniversary of the grant date (01/25/2016). The remaining 75% will vest on the second, third and 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.