SEC Form 4 · accession 0001225208-16-040952
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip R Lochner
Director
Period of report
Nov 1, 2016
Accepted (ET)
Nov 1, 2016 · 5:59 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 | Nov 1, 2016 | M | 2,000 | $46.99 | A | 2,350 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1,F2 | Nov 1, 2016 | S | 2,000 | $68.2573 | 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 | $46.99 | Nov 1, 2016 | M | 2,000 | D | — | Apr 23, 2022 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,000 | 0 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 4/23/2012 and expiring on 4/23/2022.
- F2Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $68.23 to $68.29. 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 (04/23/2012).