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Crane NXT, Co. — Director's Dealing 2003
Nov 7, 2003
31213_dirs_2003-11-07_992f5534-c6ac-424a-81fa-4998c1fccffc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CRANE CO /DE/ (CR-NYSE)
CIK: 0000025445
Period of Report: 2003-11-06
Reporting Person: EVANS ROBERT S (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2003-11-06 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 97584 | $20.71 | Acquired | 0 | Direct |
| 2003-11-06 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 216854 | $21.96 | Acquired | 0 | Direct |
| 2003-11-06 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 175000 | $19.86 | Acquired | 0 | Direct |
| 2003-11-06 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 338989 | $28.63 | Disposed | 0 | Direct |
| 2003-11-06 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 73603 | $28.6898 | Disposed | 466555 | Direct |
| 2003-09-30 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 284 | — | Acquired | 10601 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2003-11-06 | EMPLOYEE STOCK OPTION (RIGHT TO BUY) | $20.71 | M | 97584 | Disposed | 2007-04-21 | COMMON STOCK (97584) | Direct |
| 2003-11-06 | EMPLOYEE STOCK OPTION (RIGHT TO BUY) | $21.96 | M | 216854 | Disposed | 2009-04-05 | COMMON STOCK (216854) | Direct |
| 2003-11-06 | EMPLOYEE STOCK OPTION (RIGHT TO BUY) | $19.86 | M | 175000 | Disposed | 2010-01-24 | COMMON STOCK (175000) | Direct |
Footnotes
F1: ON NOVEMBER 6, 2003 THE REPORTING PERSON EXERCISED EMPLOYEE STOCK OPTIONS FOR AN AGGREGATE OF 489,438 SHARES OF CRANE CO. COMMON STOCK AT THE EXERCISE PRICES INDICATED ABOVE. THE AGGREGATE EXERCISE PRICE AND APPLICABLE WITHHOLDING TAXES WERE PAID BY DELIVERY OF 338,989 SHARES OF CRANE CO. COMMON STOCK HELD BY THE REPORTING PERSON FOR MORE THAN SIX MONTHS AND CASH PROVIDED BY THE SIMULTANEOUS SALE OF 73,603 SHARES OF CRANE CO. COMMON STOCK AT AN AVERAGE PRICE OF $28.6898, RESULTING IN A NET INCREASE OF 76,846 SHARES IN THE REPORTING PERSON'S HOLDINGS OF CRANE CO. COMMON STOCK.
F2: INCLUDES 720 SHARES OWNED BY THE REPORTING PERSON'S SPOUSE.
F3: BETWEEN JUNE 30, 2003 AND SEPTEMBER 30, 2003 THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 284 SHARES OF CRANE CO. COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.