SEC Form 4 · accession 0000025445-17-000120
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kristian Robert Salovaara
Officer — VP, Bus. Develop. & Strategy
Period of report
Aug 4, 2017
Accepted (ET)
Aug 7, 2017 · 5:20 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 | Aug 4, 2017 | M | 11,000 | $50.03 | A | 24,786 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Aug 4, 2017 | S | 9,200 | $76.2001 | D | 15,586 | 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 | $50.03 | Aug 4, 2017 | M | 11,000 | D | — | Jan 23, 2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 11,000 | 7,000 | 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 (1/23/2012).