SEC Form 4 · accession 0000025445-18-000090
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Curran
Officer — Group President, Aerospace
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 5:01 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 23, 2018 | M | 12,356 | $64.05 | A | 27,702 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F2 | Feb 23, 2018 | S | 12,356 | $93.7589 | D | 15,346 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3 | Feb 23, 2018 | S | 4,000 | $94.2176 | D | 11,346 | 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)F4 | $64.05 | Feb 26, 2018 | M | 12,356 | D | — | Jul 22, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 12,356 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 7/22/2013 and expiring on 7/22/2019.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $93.2950 to $94.99. 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.
- F3Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $94.12 to $94.83. 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.
- F4This option vested 25% on the first, 50% on the second, 75% on the third and 100 % on the fourth anniversary of the grant date (07/22/2013).