SEC Form 4 · accession 0000025445-18-000099
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip R Lochner
Director
Period of report
Apr 23, 2018
Accepted (ET)
Apr 25, 2018 · 5:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000025445
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1,F2 | — | Apr 23, 2018 | A | 1,258 | A | — | — | CRANE CO. COMMON, PAR VALUE $1.00 | 1,258 | 24,360 | D |
| Deferred Stock UnitsF3,F1,F2 | — | Apr 23, 2018 | A | 360 | A | — | — | CRANE CO. COMMON, PAR VALUE $1.00 | 360 | 24,720 | D |
Explanation of responses
- F1Each Deferred Stock Unit represents the right to receive one share of Crane Co. common stock upon separation from service on the Board of Directors.
- F2Following separation from service on the Board of Directors, the Director will receive one share of Crane Co. common stock for each Deferred Stock Unit; however, if the Director's service terminates before the first anniversary of the Grant, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire.
- F3Additional Deferred Stock Units are granted during the year to coincide with payment of dividends on Crane Co. Stock.