SEC Form 4 · accession 0001225208-16-038280

Crane NXT, Co. · CXT

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

Reporting owner

Officer — Senior Vice President

Period of report

Aug 19, 2016

Accepted (ET)

Aug 23, 2016 · 4:49 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	Aug 19, 2016	M	13,500	$50.03	A	167,711	D
CRANE CO. COMMON, PAR VALUE $1.00^F2	Aug 19, 2016	S	10,000	$65.1397	D	157,711	D
CRANE CO. COMMON, PAR VALUE $1.00^F1	Aug 19, 2016	F	11,866	$65.19	D	145,845	D
CRANE CO. COMMON, PAR VALUE $1.00	holding	—	—		—	6,814	I	401(K)
CRANE CO. COMMON, PAR VALUE $1.00	holding	—	—		—	2,774	I	DRP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F1,F3	$50.03	Aug 19, 2016	M	13,500	D	—	Jan 23, 2018	CRANE CO. COMMON, PAR VALUE $1.00	13,500	0	D

F1Mr. Ellis exercised 13,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $65.19. The resulting after tax gain was taken in the form of 1,634 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 10,361 shares of previously owned stock to pay the exercise price of the options, and 1,505 shares were withheld to pay taxes on the resulting gain.
F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $65.03 to $65.22. 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 (01/23/2012).