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Crane NXT, Co. — Director's Dealing 2008
Apr 23, 2008
31213_dirs_2008-04-23_bd712aba-a99e-45c5-be3c-ec735e9b2ec6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2008-04-21
Reporting Person: LOCHNER PHILIP R (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-04-21 | Deferred Stock Units | $0 | A | 1725 | Acquired | CRANE CO. COMMON, PAR VALUE $1.00 (1725) | Direct | |
| 2008-04-21 | Deferred Stock Units | $0 | A | 14 | Acquired | CRANE CO. COMMON, PAR VALUE $1.00 (14) | Direct | |
| 2008-04-21 | Director Stock Option(Right to Buy) | $43.49 | A | 2000 | Acquired | 2018-04-21 | CRANE CO. COMMON, PAR VALUE $1.00 (2000) | Direct |
Footnotes
F1: EACH DEFERRED STOCK UNIT REPRESENTS THE RIGHT TO RECEIVE ONE SHARE OF CRANE CO. COMMON STOCK UPON SEPARATION FROM SERVICE ON THE BOARD OF DIRECTORS.
F2: FOLLOWING SEPARATION FROM SERVICE ON THE BOARD OF DIRECTORS, THE DIRECTOR WILL RECEIVE ONE SHARE OF CRANE CO. COMMON STOCK FOR EACH DEFERRED STOCK UNIT; IF, HOWEVER, THE DIRECTOR'S SERVICE TERMINATES BEFORE THE FIRST ANNIVERSARY OF THE GRANT, EXCEPT FOR REASONS OF DEATH, DISABILITY, OR A CHANGE IN CONTROL OF CRANE CO., THEN THE RIGHT TO RECEIVE SUCH SHARES WILL EXPIRE.
F3: ADDITIONAL DEFERRED STOCK UNITS ARE GRANTED DURING THE YEAR TO COINCIDE WITH PAYMENT OF DIVIDENDS ON CRANE CO. STOCK.
F4: OPTIONS BECOME EXERCISABLE 25% ON THE FIRST ANNIVERSARY, 50% ON THE SECOND ANNIVERSARY, 75% ON THE THIRD ANNIVERSARY, AND 100% ON THE FOURTH ANNIVERSARY OF THE DATE OF GRANT.