SEC Form 4 · accession 0000025445-19-000063
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A. Lavish
Officer — VP, CBS, People & Performance
Period of report
Feb 6, 2019
Accepted (ET)
Feb 7, 2019 · 5:27 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 | Feb 6, 2019 | M | 2,663 | $58.47 | A | 23,527 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Feb 6, 2019 | S | 2,663 | $82.8978 | D | 20,864 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 6, 2019 | M | 5,368 | $43.57 | A | 26,232 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3,F2 | Feb 6, 2019 | S | 5,368 | $82.8978 | D | 20,864 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 6, 2019 | M | 2,865 | $73.90 | A | 23,729 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F4,F2 | Feb 6, 2019 | S | 2,865 | $82.8978 | D | 20,864 | 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)F5 | $58.47 | Feb 6, 2019 | M | 2,663 | D | — | Jan 26, 2025 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,663 | 0 | D |
| Employee Stock Option (Right to Buy)F6 | $43.57 | Feb 6, 2019 | M | 5,368 | D | — | Jan 25, 2026 | CRANE CO. COMMON, PAR VALUE $1.00 | 5,368 | 5,368 | D |
| Employee Stock Option (Right to Buy)F7 | $73.90 | Feb 6, 2019 | M | 2,865 | D | — | Jan 30, 2027 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,865 | 5,730 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/26/2015 and expiring on 1/26/2025.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $82.7500 to $83.0250. 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.
- F3Concurrent sale of shares resulting from an exercise of options granted on 1/25/2016 and expiring on 1/25/2026.
- F4Concurrent sale of shares resulting from an exercise of options granted on 1/30/2017 and expiring on 1/30/2027.
- F5This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/26/2015).
- F6This option vested 25% on the first, 50% on the second and 75% on the third anniversary of the grant date (01/25/2016). The remaining 25% will vest on the fourth anniversary of the grant date.
- F7This option vested 25% on the first and 50% on the second anniversary of the grant date (01/30/2017). The remaining 50% will vest on the third and fourth anniversary of the grant date.