AI assistant
Crane NXT, Co. — Director's Dealing 2011
Nov 2, 2011
31213_dirs_2011-11-02_c501ef9e-3967-4433-b111-66d6754de57a.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2011-10-31
Reporting Person: KOPCZICK ELISE (V.P. - Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-10-31 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 28750.0000 | $23.2300 | Acquired | 70304.0000 | Direct |
| 2011-10-31 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 25000.0000 | $36.5800 | Acquired | 95304.0000 | Direct |
| 2011-10-31 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 20452.0000 | $44.1100 | Disposed | 74852.0000 | Direct |
| 2011-10-31 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 22139.0000 | $44.1100 | Disposed | 52713.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-10-31 | Employee Stock Option (Right to Buy) | $36.5800 | M | 25000.0000 | Disposed | 2012-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (25000.0000) | Direct |
| 2011-10-31 | Employee Stock Option (Right to Buy) | $23.2300 | M | 28750.0000 | Disposed | 2012-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (28750.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 11520.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 5719.0000 | Indirect |
Footnotes
F1: Ms. Kopczick exercised 28,750 stock options priced at $23.23, at a market price of $44.11. The resulting after-tax gain was taken in the form of 8,298 shares of Crane Co. Stock, resulting in a net increase in Ms. Kopczick's direct holdings by that amount, to 52,713 shares. Ms. Kopczick tendered 15,141 shares of previously owned stock to pay the exercise price of the options, and 5,311 shares were withheld to pay taxes on the resulting gain.
F2: Ms. Kopczick exercised 25,000 stock options priced at $36.58, at a market price of $44.11. The resulting after-tax gain was taken in the form of 2,861 shares of Crane Co. Stock, resulting in a net increase in Ms. Kopczick's direct holdings by that amount, to 44,415 shares. Ms. Kopczick tendered 20,733 shares of previously owned stock to pay the exercise price of the options, and 1,406 shares were withheld to pay taxes on the resulting gain.
F3: The option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/23/2006).
F4: The option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/28/2002).