SEC Form 4 · accession 0001225208-16-025099

Crane NXT, Co. · CXT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — V.P., Gen. Couns. & Sec.

Period of report

Jan 26, 2016

Accepted (ET)

Jan 28, 2016 · 6:04 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^F1	Jan 26, 2016	M	359	$0.00	A	92,581	D
CRANE CO. COMMON, PAR VALUE $1.00^F1	Jan 26, 2016	F	122	$46.52	D	92,459	D
CRANE CO. COMMON, PAR VALUE $1.00	holding	—	—		—	4,803	I	401(K)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Share Unit^F1,F2,F3	—	Jan 26, 2016	M	359	D	—	—	CRANE CO. COMMON, PAR VALUE $1.00	359	4,855	D

F1On January 26, 2016, 359 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 122 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 237 shares of Crane Co. Common Stock.
F225% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 26, 2015), 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.
F3A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.