SEC Form 4 · accession 0001225208-16-037821
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis V. Pinkham
Officer — Senior Vice President
Period of report
Aug 11, 2016
Accepted (ET)
Aug 12, 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 | Aug 11, 2016 | M | 9,555 | $41.42 | A | 20,449 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Aug 11, 2016 | M | 8,736 | $48.59 | A | 29,185 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Aug 11, 2016 | S | 16,576 | $65.3202 | D | 12,609 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 433 | 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 | $48.59 | Aug 11, 2016 | M | 8,736 | D | — | Jan 28, 2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 8,736 | 4,368 | D |
| Employee Stock Option (Right to Buy)F4 | $41.42 | Aug 11, 2016 | M | 9,555 | D | — | Oct 22, 2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 9,555 | 5,000 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 10/22/2012 and expiring on 10/22/2018 and exercise of options granted on 01/28/2013 and expiring on 01/28/2019.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $65.23 to $65.50. 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 and 75% on the third anniversary of the grant date (01/28/2013). The remaining 25% will vest on the fourth anniversary of the grant date.
- F4This option vested 25% on the first, 50% on the second and 75% on the third anniversary of the grant date (10/22/2012). The remaining 25% will vest on the fourth anniversary of the grant date.