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Crane NXT, Co. — Director's Dealing 2004
Apr 7, 2004
31213_dirs_2004-04-07_f92391c6-8404-4ea5-b11e-eb60d8d5b505.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: 2004-04-05
Reporting Person: DUPONT AUGUSTUS I (V.P., Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2004-04-05 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 2493 | $33.91 | Disposed | 0 | Direct |
| 2004-04-05 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 22076 | $16.96 | Acquired | 0 | Direct |
| 2004-04-05 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 15614 | $33.91 | Disposed | 59943 | Direct |
| 2004-04-05 | CRANE CO. COMMON, PAR VALUE $1.00 | A | 0 | — | Acquired | 1958 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-04-05 | EMPLOYEE STOCK OPTION(RIGHT TO BUY) | $16.96 | M | 22076 | Disposed | 2006-05-06 | COMMON STOCK (22076) | Direct |
Footnotes
F1: ON APRIL 5, 2004 7,928 SHARES OF RESTRICTED STOCK PREVIOUSLY REPORTED AS BENEFICIALLY OWNED BY THE REPORTING PERSON VESTED DUE TO PASSAGE OF TIME, AND 2,493 OF SUCH VESTED SHARES WERE SURRENDERED TO PAY TAXES ON SUCH VESTING.
F2: ON APRIL 5, 2004 REPORTING PERSON EXERCISED OPTIONS TO PURCHASE 22,076 SHARES OF CRANE CO. COMMON STOCK AT AN EXERCISE PRICE OF $16.96 PER SHARE. THE AGGREGATE EXERCISE PRICE AND APPLICABLE TAXES ON THE EXERCISE WERE PAID BY DELIVERY OF 12,144 ALREADY OWNED SHARES AND WITHHOLDING OF 3,470 SHARES FROM THE OPTION EXERCISE, EACH HAVING A FAIR MARKET VALUE OF $33.91 PER SHARE.
F3: BETWEEN DECEMBER 31, 2003 AND MARCH 31, 2004 THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 213 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.