SEC Form 4 · accession 0000025445-18-000118
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward S Switter
Officer — V.P. Treasury & Tax
Period of report
Jul 26, 2018
Accepted (ET)
Jul 27, 2018 · 5:52 pm EDT
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 | Jul 26, 2018 | M | 6,654 | $48.59 | A | 26,098 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Jul 26, 2018 | S | 6,654 | $88.8282 | D | 19,444 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F2 | Jul 26, 2018 | J | 22 | $0.00 | A | 1,443 | I | 401(K) |
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 | Jul 26, 2018 | M | 6,654 | D | — | Jan 28, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 6,654 | 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.
- F2Between September 1, 2017 and July 27, 2018 Mr. Switter acquired an aggregate of 22 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
- F3Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary, and 100% on the fourth anniversary of the date of grant (1/28/2013).