SEC Form 4 · accession 0000025445-17-000083

Crane NXT, Co. · CXT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP, CBS, People & Performance

Period of report

Feb 25, 2017

Accepted (ET)

Feb 28, 2017 · 5:52 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
CRANE CO. COMMON, PAR VALUE $1.00^F1	Feb 25, 2017	M	717	$0.00	A	11,918	D
CRANE CO. COMMON, PAR VALUE $1.00^F1	Feb 25, 2017	F	243	$74.18	D	11,675	D
CRANE CO. COMMON, PAR VALUE $1.00	Feb 28, 2017	S	237	$72.6536	D	11,438	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Share Unit^F1,F2,F3	—	Feb 25, 2017	M	717	D	—	—	CRANE CO. COMMON, PAR VALUE $1.00	717	2,455	D

F1On February 25, 2017, 717 Restricted Share Units, which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 243 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 474 shares of Crane Co. Common Stock.
F225% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (February 25, 2013), provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company.
F3A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.