SEC Form 4 · accession 0001225208-16-041743
Crane NXT, Co. · CXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A. Lavish
Officer — VP, CBS, People & Performance
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 6:51 pm EST
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 10, 2016 | M | 4,176 | $64.78 | A | 12,908 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00F1 | Nov 10, 2016 | F | 4,031 | $72.0746 | D | 8,877 | D | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 37 | I | 401(K) | |
| CRANE CO. COMMON, PAR VALUE $1.00 | holding | — | — | — | 1,295 | I | DRP |
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)F2 | $64.78 | Nov 10, 2016 | M | 4,176 | D | — | Jan 27, 2024 | CRANE CO. COMMON, PAR VALUE $1.00 | 4,176 | 4,177 | D |
Explanation of responses
- F1Concurrent sale of shares resulting from an exercise of options granted on 1/27/2014 and expiring on 1/27/2024.
- F2This option vested 25% on the first and 25% on the second anniversaries, and the remainder will vest 25'% on the third and 25% on the fourth anniversaries, of the date of grant (1/27/2014).