SEC Form 4 · accession 0000025445-18-000134
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 30, 2018
Accepted (ET)
Sep 4, 2018 · 4:58 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 30, 2018 | M | 3,000 | $43.57 | A | 14,346 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Aug 30, 2018 | S | 3,000 | $91.0733 | D | 11,346 | D |
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 | $43.57 | Aug 30, 2018 | M | 3,000 | D | — | Jan 25, 2026 | CRANE CO. COMMON, PAR VALUE $1.00 | 3,000 | 18,157 | 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 $91.0410 to $91.0850. 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.
- F3This 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.