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Crane NXT, Co. — Director's Dealing 2009
Jan 28, 2009
31213_dirs_2009-01-28_74e80e34-c296-4f5d-8126-916c2a745b70.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: 2009-01-26
Reporting Person: Craney Thomas J (Pres., Crane Composites Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 6 | — | Acquired | 281 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-01-26 | Employee Stock Option (Right to Buy) | $16.43 | A | 20000 | Acquired | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (20000) | Direct |
| 2009-01-26 | Restricted Stock Units | $0 | A | 3000 | Acquired | CRANE CO. COMMON, PAR VALUE $1.00 (3000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 4779 | Direct |
Footnotes
F1: Between May 1, 2008 and December 31, 2008, the reporting person acquired an aggregate of 6 shares of Common Stock at prevailing market prices through the issuer's 401(K) Plan.
F2: 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.
F3: Each Restricted Stock Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or in the event of a change in control of the Company.
F4: 25% of the Restricted Stock Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Stock Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company.
F5: A Restricted Stock Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.