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Crane NXT, Co. — Director's Dealing 2011
Nov 23, 2011
31213_dirs_2011-11-23_92032a15-c56d-45d3-85bc-36d4931de07b.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: 2011-11-22
Reporting Person: FAST ERIC C (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-11-22 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 15000.0000 | $16.4300 | Acquired | 139430.0000 | Direct |
| 2011-11-22 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 9583.0000 | $44.7800 | Disposed | 129847.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-11-22 | Employee Stock Option (Right to Buy) | $16.4300 | M | 15000.0000 | Disposed | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (15000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3070.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 244007.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 76367.0000 | Indirect |
Footnotes
F1: Mr. Fast exercised 15,000 stock options priced at $16.43, at a market price of $44.78. The resulting after-tax gain was taken in the form of 5,417 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 129,847 shares. Mr. Fast tendered 5,504 shares of previously owned stock to pay the exercise price of the options, and 4,079 shares were withheld to pay taxes on the resulting gain.
F2: The option vests 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (01/26/2009).