SEC Form 4 · accession 0000025445-18-000122
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Max H Mitchell
Officer — President and CEO · Director
Period of report
Jul 30, 2018
Accepted (ET)
Jul 31, 2018 · 6:38 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 $1.00F1 | Jul 30, 2018 | M | 40,765 | $48.59 | A | 200,654 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Jul 30, 2018 | S | 40,765 | $89.1806 | D | 159,889 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3 | Jul 30, 2018 | J | 41 | $0.00 | A | 2,669 | 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)F1,F4 | $48.59 | Jul 30, 2018 | M | 40,765 | D | — | Jan 28, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 40,765 | 0 | D |
Explanation of responses
- F1Mr. Mitchell exercised 40,765 stock options granted 1/28/2013 and set to expire 1/28/2019 priced at $48.59 and sold at a weighted average price of $89.1806.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $88.18 to $91.15. 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.
- F3Between August 1, 2017 and July 31, 2018, Mr. Mitchell acquired an aggregate of 41 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
- 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 (01/28/2013).
Remarks
Power of Attorney and Confirming Statement are attached.