SEC Form 4 · accession 0001225208-16-025221

Crane NXT, Co. · CXT

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

Reporting owner

James A. Lavish

Officer — VP, CBS, People & Performance

Period of report

Jan 27, 2016

Accepted (ET)

Jan 29, 2016 · 6:10 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 27, 2016	M	174	$0.00	A	7,497	D
CRANE CO. COMMON, PAR VALUE $1.00^F1	Jan 27, 2016	F	66	$45.96	D	7,431	D
CRANE CO. COMMON, PAR VALUE $1.00^F2	Jan 28, 2016	M	138	$0.00	A	7,569	D
CRANE CO. COMMON, PAR VALUE $1.00^F2	Jan 28, 2016	F	46	$46.06	D	7,523	D
CRANE CO. COMMON, PAR VALUE $1.00	holding	—	—		—	37	I	401(K)
CRANE CO. COMMON, PAR VALUE $1.00	holding	—	—		—	1,295	I	DRP

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Share Unit^F1,F3,F4	—	Jan 27, 2016	M	174	D	—	—	CRANE CO. COMMON, PAR VALUE $1.00	174	4,012	D
Restricted Share Unit^F2,F5,F4	—	Jan 28, 2016	M	138	D	—	—	CRANE CO. COMMON, PAR VALUE $1.00	138	3,874	D

Explanation of responses

F1On January 27, 2016, 174 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 66 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 108 shares of Crane Co. Common Stock.
F2On January 28, 2016, 138 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 46 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 92 shares of Crane Co. Common Stock.
F325% 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 27, 2014), 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.
F525% 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 28, 2013), 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.