SEC Form 4/A · accession 0000025445-18-000130
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Max H Mitchell
Officer — President and CEO · Director
Period of report
Jul 30, 2018
Accepted (ET)
Aug 9, 2018 · 6:41 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 | 30,718 | $89.1806 | D | 169,936 | 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 on 1/28/2013 and set to expire on 1/28/2019, priced at $48.59 and sold 30,718 shares at a weighted average price of $89.1806, to pay the exercise price of the options and to pay taxes on the resulting gain. After the exercise, Mr. Mitchell's holdings in the issuer's common stock increased by 10,047 shares.
- 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. On July 31, 2018, the Reporting Person reported an exercise of stock options and the sale of underlying shares. Due to a broker execution error, the previously reported transaction was reversed and re-executed. The Form 4 filed by the Reporting Person on July 31, 2018 is hereby amended in its entirety to reflect the terms of the re-executed transactions.