SEC Form 4 · accession 0001225208-15-020284
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward S Switter
Officer — Vice President - Taxes
Period of report
Nov 2, 2015
Accepted (ET)
Nov 3, 2015 · 5:18 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 | Nov 2, 2015 | M | 5,000 | $31.94 | A | 14,751 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Nov 2, 2015 | S | 3,675 | $53.30 | D | 11,076 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 1,198 | 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)F2 | $31.94 | Nov 2, 2015 | M | 5,000 | D | — | Jan 25, 2016 | CRANE CO. COMMON, PAR VALUE $1.00 | 5,000 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/25/2010 and expiring on 1/25/2016.
- F2This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/25/2010).