SEC Form 4 · accession 0000025445-18-000040
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley Ellis
Officer — Senior Vice President
Period of report
Jan 27, 2018
Accepted (ET)
Jan 30, 2018 · 6:48 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Jan 27, 2018 | M | 189 | $0.00 | A | 149,390 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Jan 27, 2018 | F | 69 | $93.40 | D | 149,321 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F2 | Jan 28, 2018 | F | 250 | $93.40 | D | 149,071 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitF1,F3,F4 | — | Jan 27, 2018 | M | 189 | D | — | — | CRANE CO. COMMON, PAR VALUE $1.00 | 189 | 2,572 | D |
Explanation of responses
- F1On January 27, 2017, 189 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 69 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 120 shares of Crane Co. Common Stock.
- F2On January 28, 2018, 800 shares of Restricted Stock previously reported as beneficially owned by the reporting person vested due to the passage of time, and 250 shares were surrendered to pay taxes on such vested shares.
- F325% 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 (January 27, 2014), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.
- F4A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.