SEC Form 4 · accession 0001225208-15-011303
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard S Forte
Director
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 5:15 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 $1.00 | May 1, 2015 | M | 500 | $47.08 | A | 8,927 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | May 1, 2015 | M | 500 | $46.99 | A | 9,427 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | May 1, 2015 | S | 1,000 | $62.0352 | D | 8,427 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F3 | May 1, 2015 | S | 4,000 | $62.0127 | D | 4,427 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 4,769 | I | DRP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option(Right to Buy)F4 | $47.08 | May 1, 2015 | M | 500 | D | — | Apr 18, 2021 | CRANE CO. COMMON, PAR VALUE $1.00 | 500 | 0 | D |
| Director Stock Option(Right to Buy)F5 | $46.99 | May 1, 2015 | M | 500 | D | — | Apr 23, 2022 | CRANE CO. COMMON, PAR VALUE $1.00 | 500 | 500 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from exercise of options granted on 4/18/11 and expiring on 4/18/21 and options granted on 4/23/12 and expiring on 4/23/22.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $62.0310 to $62.0480. 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.
- F3Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $62.0010 to $62.0240. 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.
- F4This option was granted 4/18/11 with a ten-year term, and vested 25% each year over four years.
- F5This option vested 75% on the first, second and third anniversary of the grant date (4/23/12). The remaining 25% will vest on the fourth anniversary of the grant date.