SEC Form 4 · accession 0001225208-15-005802
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Craney
Officer — Group Pres., Eng. Materials
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 5:26 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 23, 2015 | M | 4,500 | $50.03 | A | 20,068 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Feb 23, 2015 | M | 3,208 | $48.59 | A | 23,276 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Feb 23, 2015 | S | 3,208 | $69.70 | D | 20,068 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3,F4 | Feb 23, 2015 | S | 4,500 | $69.43 | D | 15,568 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 1,044 | 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)F5 | $50.03 | Feb 23, 2015 | M | 4,500 | D | — | Jan 23, 2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 4,500 | 4,500 | D |
| Employee Stock Option (Right to Buy)F6 | $48.59 | Feb 23, 2015 | M | 3,208 | D | — | Jan 28, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 3,208 | 6,416 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/28/13 and expiring on 1/28/19.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $69.46 to $69.87. 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 1/23/12 and expiring on 1/23/18.
- F4Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $69.36 to $69.74. 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.
- F5This option vested 25% on the first anniversary, 50% on the second anniversary and 75% on third annivesary of the grant date (01/23/2012). The remaining 25% will vest on the fourth anniversary of the grant date.
- F6This option vested 25% on the first anniversary, 50% on the second anniversary of the grant date (01/28/2013). The remaining 50% will vest on third and fourth anniversary of the grant date.