SEC Form 4 · accession 0000025445-17-000126
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward S Switter
Officer — V.P. Treasury & Tax
Period of report
Aug 31, 2017
Accepted (ET)
Sep 1, 2017 · 5:01 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 31, 2017 | M | 7,000 | $50.03 | A | 23,873 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Aug 31, 2017 | S | 7,000 | $74.03 | D | 16,873 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F2 | Aug 31, 2017 | J | 12 | $0.00 | A | 1,421 | I | 401(K) |
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 | Aug 31, 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.
- F2Between January 1, 2017 and August 31, 2017, Mr. Switter acquired an aggregate of 12 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
- 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).