SEC Form 4 · accession 0000025445-18-000050
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Augustus I Dupont
Officer — V.P., Gen. Couns. & Sec.
Period of report
Jan 29, 2018
Accepted (ET)
Jan 31, 2018 · 6:57 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 29, 2018 | M | 7,782 | $0.00 | A | 88,786 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F2 | Jan 29, 2018 | F | 2,384 | $0.00 | D | 86,402 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Performance-Based Restricted Share UnitF1 | — | Jan 29, 2018 | M | 4,583 | D | — | — | CRANE CO. COMMON, PAR VALUE $1.00 | 4,583 | 0 | D |
Explanation of responses
- F1Each 2015 Performance-Based RSU granted in January 2015 represented a contingent right to receive a number of shares of Crane Co. Common Stock between zero and 1.75 to be determined with reference to the Total Shareholder Return of Crane Co.'s Common Stock compared to that of companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2015 and ending December 31, 2017. On January 30, 2018, each Performance-Based RSU was converted to the right to receive 1.698 shares of Common Stock.
- F24,583 Performance-Based RSUs granted in January 2015 were converted on January 29, 2017 into the right to receive 7,782 shares of Common Stock, 2,384 shares were surrendered to pay taxes on the resulting gain.