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Crane NXT, Co. — Director's Dealing 2011
May 31, 2011
31213_dirs_2011-05-31_0fd7ef92-8169-4952-b0d9-475516818b15.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: 2011-05-27
Reporting Person: ELLIS BRADLEY (Group President, Merch. Syst.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-27 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 40000.0000 | $23.2300 | Acquired | 128247.0000 | Direct |
| 2011-05-27 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 25000.0000 | $36.5800 | Acquired | 153247.0000 | Direct |
| 2011-05-27 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 21447.0000 | $48.5800 | Disposed | 131800.0000 | Direct |
| 2011-05-27 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 27252.0000 | $48.5800 | Disposed | 104548.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-27 | 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 |
| 2011-05-27 | Employee Stock Option (Right to Buy) | $23.2300 | M | 40000.0000 | Disposed | 2012-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (40000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 4964.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 2044.0000 | Indirect |
Footnotes
F1: Mr. Ellis exercised 40,000 stock options priced at $23.23, at a market price of $48.58. The resulting after-tax gain was taken in the form of 12,748 shares of Crane Co. stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 19,128 shares of previously owned stock to pay the exercise price of the options, and 8,124 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Ellis exercised 25,000 stock options priced at $36.58, at a market price of $48.58. The resulting after-tax gain was taken in the form of 3,553 shares of Crane Co. stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 18,825 shares of previously owned stock to pay the exercise price of the options, and 2,622 shares were withheld to pay taxes on the resulting gain.
F3: The options vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/23/2006).
F4: The options vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/28/2002).