SEC Form 4 · accession 0000025445-17-000135
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
Oct 31, 2017
Accepted (ET)
Nov 1, 2017 · 5:04 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 | Oct 31, 2017 | M | 7,000 | $50.03 | A | 22,586 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Oct 31, 2017 | S | 7,000 | $83.2688 | 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)F3 | $50.03 | Oct 31, 2017 | M | 7,000 | D | — | Jan 23, 2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 7,000 | 0 | D |
Explanation of responses
- F1Simultaneous sale of shares resulting from an exercise of options.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $83.23 to $83.3950. 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 (1/23/2012).