SEC Form 4 · accession 0000025445-17-000081
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A. Lavish
Officer — VP, CBS, People & Performance
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 5:22 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 23, 2017 | M | 2,662 | $58.47 | A | 13,887 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Feb 23, 2017 | S | 2,662 | $72.5213 | D | 11,225 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 23, 2017 | M | 5,368 | $43.57 | A | 16,593 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3,F2 | Feb 23, 2017 | S | 5,368 | $72.5213 | D | 11,225 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 23, 2017 | M | 2,088 | $64.78 | A | 13,313 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F4,F2 | Feb 23, 2017 | S | 2,088 | $72.5213 | D | 11,225 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 23, 2017 | M | 1,300 | $48.59 | A | 12,525 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F5,F2 | Feb 23, 2017 | S | 150 | $72.5213 | D | 12,375 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 23, 2017 | S | 1,174 | $74.40 | D | 11,201 | 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)F6 | $58.47 | Feb 23, 2017 | M | 2,662 | D | — | Jan 26, 2025 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,662 | 5,365 | D |
| Employee Stock Option (Right to Buy)F7 | $43.57 | Feb 23, 2017 | M | 5,368 | D | — | Jan 25, 2026 | CRANE CO. COMMON, PAR VALUE $1.00 | 5,368 | 16,104 | D |
| Employee Stock Option (Right to Buy)F8 | $64.78 | Feb 23, 2017 | M | 2,088 | D | — | Jan 27, 2024 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,088 | 2,089 | D |
| Employee Stock Option (Right to Buy)F9 | $48.59 | Feb 23, 2017 | M | 1,300 | D | — | Jan 28, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 1,300 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/26/2015 and expiring on 1/26/2025.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $72.14 to $74.40. 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 1/25/2016 and expiring on 1/25/2026.
- F4Concurrent sale of shares resulting from an exercise of options granted on 1/27/2014 and expiring on 1/27/2024.
- F5Concurrent sale of shares resulting from an exercise of options granted on 1/28/2013 and expiring on 1/28/2019.
- F6The remaining 25% will vest on the fourth anniversary of the grant date (1/26/2015).
- F7This option vested 25% on the first anniversary of the grant date (1/26/2015). The remaining 75% will vest on the second, third and fourth anniversary of the grant date.
- F8This option vested 25% on the first, 50% on the second and 75% on the third anniversary of the grant date (01/27/2014). The remaining 25% will vest on the fourth anniversary of the grant date.
- F9This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (1/28/2019).