SEC Form 4 · accession 0000025445-17-000116
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curtis A Baron Jr.
Officer — Vice President, Controller
Period of report
May 16, 2017
Accepted (ET)
May 18, 2017 · 5:07 pm EDT
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 | May 16, 2017 | M | 7,000 | $50.03 | A | 18,044 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | May 16, 2017 | S | 5,364 | $79.5952 | D | 12,680 | 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)F3 | $50.03 | May 16, 2017 | M | 7,000 | D | — | Jan 23, 2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 7,000 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/23/2012 and expiring on 1/23/2018.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $79.56 to $79.60. 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.
- 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 (01/23/2012).