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Crane NXT, Co. — Director's Dealing 2011
Dec 9, 2011
31213_dirs_2011-12-09_7b3c0eb3-1c80-4a0a-adbe-c7b75f301231.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2011-12-05
Reporting Person: Baron Curtis A JR (Vice President, Controller)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 1188.0000 | Direct |
| CRANE CO. COMMON, PAR VALUE $1.00 | 151.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $16.4300 | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (4000.0000) | Direct | |
| Employee Stock Option (Right to Buy) | $31.9400 | 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (5000.0000) | Direct | |
| Employee Stock Option (Right to Buy) | $36.4600 | 2014-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (4000.0000) | Direct | |
| Employee Stock Option (Right to Buy) | $43.7200 | 2017-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 (6000.0000) | Direct | |
| Employee Stock Option (Right to Buy) | $46.4800 | 2013-09-24 | CRANE CO. COMMON, PAR VALUE $1.00 (5000.0000) | Direct | |
| Restricted Share Unit | $ | CRANE CO. COMMON, PAR VALUE $1.00 (3125.0000) | Direct |
Footnotes
F1: These options vest 25% one year, 50% two years, 75% three years and 100% four years after the date of grant. The dates of grant of each option are as follows: exercise price $46.48, date of grant 9/24/2007; exercise price $36.46, date of grant 1/28/2008; exercise price $16.43, date of grant 1/26/2009; exercise price $31.94, date of grant 1/25/2010; exercise price $43.72, date of grant 1/14/2011.
F2: 25% of the Restricted Share 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 Share 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. The dates and amounts of grants were as follows: on 1/26/2009, 1,000 RSUs were granted, of which 500 have vested; on 1/25/2010, 1,500 RSUs were granted, of which 375 have vested; and on 1/24/2011, 1,500 RSUs were granted, of which none have vested.
F3: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.
F4: Each Restricted Share 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.