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Crane NXT, Co. — Director's Dealing 2011
Nov 15, 2011
31213_dirs_2011-11-15_c1b24201-14e3-46d5-8a86-8578f581278b.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: 2011-11-11
Reporting Person: DUPONT AUGUSTUS I (V.P., Gen. Couns. & Sec.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-11-11 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 40000.0000 | $19.1100 | Acquired | 127832.0000 | Direct |
| 2011-11-11 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 26609.0000 | $46.2500 | Disposed | 101223.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-11-11 | Employee Stock Option (Right to Buy) | $19.1100 | M | 40000.0000 | Disposed | 2013-01-27 | CRANE CO. COMMON, PAR VALUE $1.00 (40000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3941.0000 | Indirect |
Footnotes
F1: Mr. duPont exercised 40,000 stock options priced at $19.11, at a market price of $46.25. The resulting after-tax gain was taken in the form of 13,391 shares of Crane Co. Stock, resulting in a net increase in Mr. duPont's direct holdings by that amount, to 101,223 shares. Mr. duPont tendered 16,528 shares of previously owned stock to pay the exercise price of the options, and 10,081 shares were withheld to pay taxes on the resulting gain.
F2: The option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/27/2003).