SEC Form 4 · accession 0001225208-16-024890
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
A D Pantaleoni
Officer — VP Envir. Health & Safety
Period of report
Jan 25, 2016
Accepted (ET)
Jan 28, 2016 · 10:07 am 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 $1.00F1 | Jan 25, 2016 | M | 250 | $0.00 | A | 4,376 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Jan 25, 2016 | F | 98 | $43.57 | D | 4,278 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 17,099 | 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 | $43.57 | Jan 25, 2016 | A | 7,362 | A | — | Jan 25, 2026 | CRANE CO. COMMON, PAR VALUE $1.00 | 7,362 | 7,362 | D |
| Restricted Share UnitF3,F4 | — | Jan 25, 2016 | A | 1,653 | A | — | — | CRANE CO. COMMON, PAR VALUE $1.00 | 1,653 | 4,978 | D |
| Restricted Share UnitF1,F3,F4 | — | Jan 25, 2016 | M | 250 | D | — | — | CRANE CO. COMMON, PAR VALUE $1.00 | 250 | 4,728 | D |
Explanation of responses
- F1On January 25, 2016, 250 Restricted Share Units, which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 98 shares were withheld to pay taxes on the resulting gain.
- F2Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
- F325% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or termination following a change in control of the Company.
- F4A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.