SEC Form 4 · accession 0000025445-19-000010

Crane NXT, Co. · CXT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Bradley Ellis

Officer — Senior Vice President

Period of report

Jan 25, 2019

Accepted (ET)

Jan 29, 2019 · 7:22 pm EST

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^F1	Jan 25, 2019	M	516	$0.00	A	154,620	D
CRANE CO. COMMON, PAR VALUE $1.00^F1	Jan 25, 2019	F	187	$79.37	D	154,433	D
CRANE CO. COMMON, PAR VALUE $1.00^F2	Jan 26, 2019	M	321	$0.00	A	154,754	D
CRANE CO. COMMON, PAR VALUE $1.00^F2	Jan 26, 2019	F	117	$79.14	D	154,637	D
CRANE CO. COMMON, PAR VALUE $1.00	holding	—	—		—	7,130	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
Restricted Share Unit^F1,F3,F4	—	Jan 25, 2019	M	516	D	—	—	CRANE CO. COMMON, PAR VALUE $1.00	516	2,683	D
Restricted Share Unit^F2,F5,F4	—	Jan 26, 2019	M	321	D	—	—	CRANE CO. COMMON, PAR VALUE $1.00	321	2,362	D

Explanation of responses

F1On January 25, 2019, 516 Restricted Share Units, each of which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 187 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 329 shares of Crane Co. Common Stock.
F2On January 26, 2019, 321 Restricted Share Units, each of which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 117 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 204 shares of Crane Co. Common Stock.
F325% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 25, 2016), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.
F4A Restricted Share Unit is forfeited if the recipient resigns, or employment is terminated, before it has been converted to Common Stock.
F525% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 30, 2017), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.