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Crane NXT, Co. — Director's Dealing 2011
Nov 2, 2011
31213_dirs_2011-11-02_053a321a-b9a9-43ed-a016-1b5c17915b80.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: 2011-10-31
Reporting Person: FAST ERIC C (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-10-31 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 30000.0000 | $36.5800 | Acquired | 145162.0000 | Direct |
| 2011-10-31 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 27079.0000 | $44.1100 | Disposed | 118083.0000 | Direct |
| 2011-11-01 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 10000.0000 | $36.5800 | Acquired | 128083.0000 | Direct |
| 2011-11-01 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 9170.0000 | $42.8100 | Disposed | 118913.0000 | 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 | 30000.0000 | Disposed | 2012-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (30000.0000) | Direct |
| 2011-11-01 | Employee Stock Option (Right to Buy) | $36.5800 | M | 10000.0000 | Disposed | 2012-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (10000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3050.0000 | 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 30,000 stock options priced at $36.58, at a market price of $44.11. The resulting after-tax gain was taken in the form of 2,921 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 118,083 shares. Mr. Fast tendered 24,879 shares of previously owned stock to pay the exercise price of the options, and 2,200 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Fast exercised 10,000 stock options priced at $36.58, at a market price of $42.81. The resulting after-tax gain was taken in the form of 830 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 118,913 shares. Mr. Fast tendered 8,545 shares of previously owned stock to pay the exercise price of the options, and 625 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).