SEC Form 4 · accession 0000025445-18-000128
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
Aug 6, 2018
Accepted (ET)
Aug 8, 2018 · 5:28 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 | Aug 6, 2018 | M | 3,000 | $43.57 | A | 14,346 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Aug 6, 2018 | S | 3,000 | $89.7791 | D | 11,346 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3 | Aug 6, 2018 | J | 7 | $0.00 | A | 347 | 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)F4 | $43.57 | Aug 6, 2018 | M | 3,000 | D | — | Jan 25, 2026 | CRANE CO. COMMON, PAR VALUE $1.00 | 3,000 | 21,157 | D |
Explanation of responses
- F1Mr. Curran exercised options granted to him on 1/25/2016, resulting in him acquiring 3,000 shares of common stock which he sold contemporaneously in multiple same-day transactions. After this sale, Mr. Curran will have holdings of 11,693 shares of the issuer's common stock.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $89.59 to $90.06. 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 January 31, 2017 and July 31, 2018, Mr. Curran acquired an aggregate of 7 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
- F4This option vested 50% on the second anniversary of the grant date (1/25/2016). The remaining 50% will vest on the third and fourth anniversary of the grant date.
Remarks
Power of Attorney and Confirming Statement attached.