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Crane NXT, Co. — Director's Dealing 2010
Aug 10, 2010
31213_dirs_2010-08-10_e0a328c2-b781-4d8f-a5c4-35347255a728.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: 2010-08-09
Reporting Person: FAST ERIC C (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-09 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 50000 | $26.95 | Acquired | 176866 | Direct |
| 2010-08-09 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 42276 | $36.61 | Disposed | 134590 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-09 | Employee Stock Option (Right to Buy) | $26.95 | M | 50000 | Disposed | 2011-04-23 | CRANE CO. COMMON, PAR VALUE $1.00 (50000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 2863 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 361924 | Indirect |
Footnotes
F1: Mr. Fast exercised 50,000 stock options priced at $26.95, at a market price of $36.61. The resulting after-tax gain was taken in the form of 7,724 shares of Crane Co. stock, resulting in a
net increase in Mr. Fast's direct holdings by that amount, to 134,590 shares. Mr Fast tendered 36,807 shares of previously owned stock to the pay the exercise price of the options, and 5,469 shares were withheld to pay taxes on the resulting gain.
F2: The options vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (04/23/2001).