SEC Form 4 · accession 0001225208-16-033303
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curtis A Baron Jr.
Officer — Vice President, Controller
Period of report
May 12, 2016
Accepted (ET)
May 13, 2016 · 5:02 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 12, 2016 | M | 6,000 | $43.72 | A | 14,935 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | May 12, 2016 | S | 5,242 | $55.3281 | D | 9,693 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 621 | 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)F3 | $43.72 | May 12, 2016 | M | 6,000 | D | — | Jan 24, 2017 | CRANE CO. COMMON, PAR VALUE $1.00 | 6,000 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/24/2011 and expiring on 1/24/2017.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $55.16 to $55.47. 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.
- F3This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/24/2011).