SEC Form 4 · accession 0001225208-16-037998
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip R Lochner
Director
Period of report
Aug 15, 2016
Accepted (ET)
Aug 16, 2016 · 5:17 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 15, 2016 | M | 2,000 | $43.90 | A | 2,350 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | Aug 15, 2016 | M | 2,000 | $41.71 | A | 4,350 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Aug 15, 2016 | S | 4,000 | $64.895 | D | 350 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option(Right to Buy)F3 | $43.49 | Aug 15, 2016 | M | 2,000 | D | — | Apr 21, 2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,000 | 0 | D |
| Director Stock Option(Right to Buy)F4 | $41.71 | Aug 15, 2016 | M | 2,000 | D | — | Apr 23, 2017 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,000 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from exercise of options granted on 4/23/2007 and expiring on 4/23/2017, and exercise of options granted on 4/21/2008 and expiring on 4/21/2018.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $64.82 to $65.00. 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 (04/21/2008).
- F4This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (04/23/2007).