SEC Form 4 · accession 0001225208-16-037023

Crane NXT, Co. · CXT

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

Reporting owner

Officer — Group Pres. Aerospace & Elec.

Period of report

Jul 22, 2016

Accepted (ET)

Jul 25, 2016 · 5:22 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^F1	Jul 22, 2016	M	1,965	$0.00	A	5,350	D
CRANE CO. COMMON, PAR VALUE $1.00^F1	Jul 22, 2016	F	538	$58.16	D	4,812	D
CRANE CO. COMMON, PAR VALUE $1.00^F2	Jul 22, 2016	J	4	$0.00	A	336	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,F3,F4	—	Jul 22, 2016	M	1,965	D	—	—	CRANE CO. COMMON, PAR VALUE $1.00	1,965	5,442	D

F1On July 22, 2016, 1,965 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 538 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 1,427 shares of Crane Co. Common Stock.
F2Between January 1, 2016 and June 30, 2016, Mr. Curran acquired an aggregate of 4 shares of common stock at prevailing market prices through the issuer's 401(K) Plan.
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 date (July 22, 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 in the event of 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.