SEC Form 4 · accession 0000025445-19-000067
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis V. Pinkham
Officer — Senior Vice President
Period of report
Feb 19, 2019
Accepted (ET)
Feb 20, 2019 · 5:10 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 19, 2019 | M | 10,111 | $73.90 | A | 43,930 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Feb 19, 2019 | S | 10,111 | $85.0263 | D | 33,819 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 19, 2019 | M | 28,182 | $43.57 | A | 62,001 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3,F2 | Feb 19, 2019 | S | 28,182 | $85.0263 | D | 33,819 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 19, 2019 | M | 12,424 | $58.47 | A | 46,243 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F4,F2 | Feb 19, 2019 | S | 12,424 | $85.0263 | D | 33,819 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 19, 2019 | M | 4,386 | $64.78 | A | 38,205 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F5,F2 | Feb 19, 2019 | S | 4,386 | $85.0263 | D | 33,819 | 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)F6 | $73.90 | Feb 19, 2019 | M | 10,111 | D | — | Jan 30, 2027 | CRANE CO. COMMON, PAR VALUE $1.00 | 10,111 | 10,112 | D |
| Employee Stock Option (Right to Buy)F7 | $43.57 | Feb 19, 2019 | M | 28,182 | D | — | Jan 25, 2026 | CRANE CO. COMMON, PAR VALUE $1.00 | 28,182 | 9,395 | D |
| Employee Stock Option (Right to Buy)F8 | $58.47 | Feb 19, 2019 | M | 12,424 | D | — | Jan 26, 2025 | CRANE CO. COMMON, PAR VALUE $1.00 | 12,424 | 0 | D |
| Employee Stock Option (Right to Buy)F9 | $64.78 | Feb 19, 2019 | M | 4,386 | D | — | Jan 27, 2024 | CRANE CO. COMMON, PAR VALUE $1.00 | 4,386 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/30/2017 and expiring on 1/30/2027.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $84.6000 to $85.5950. 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 1/26/2015 and expiring on 1/26/2025.
- F5Concurrent sale of shares resulting from an exercise of options granted on 1/27/2014 and expiring on 1/27/2024.
- F6This 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.
- F7This 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.
- F8This 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).
- F9This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/27/2014).