SEC Form 4 · accession 0000025445-18-000081
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
Feb 1, 2018
Accepted (ET)
Feb 5, 2018 · 5:42 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 $1.00 | Feb 1, 2018 | M | 16,396 | $48.59 | A | 102,994 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Feb 1, 2018 | S | 16,396 | $97.7351 | D | 86,598 | 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 | $48.59 | Feb 1, 2018 | M | 16,396 | D | — | Jan 28, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 16,396 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/28/2013 and expiring on 1/28/2019.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $97.11 to $98.30. 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 (1/28/2013).