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Crane NXT, Co. — Director's Dealing 2011
Feb 28, 2011
31213_dirs_2011-02-28_568e4c4a-54ae-44fe-9d07-6ff4c9428510.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: 2011-02-25
Reporting Person: FAST ERIC C (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-25 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 25000.0000 | $23.2300 | Acquired | 204183.0000 | Direct |
| 2011-02-25 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 17644.0000 | $46.7000 | Disposed | 186539.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-25 | Employee Stock Option (Right to Buy) | $23.2300 | M | 25000.0000 | Disposed | 2012-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (25000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 2863.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 223152.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 53637.0000 | Indirect |
Footnotes
F1: Mr. Fast exercised 25,000 stock options priced at 23.23, at a market price of $46.70. The resulting after-tax gain was taken in the form of 7,356 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's position by that amount, to 186,539 shares. Mr. Fast tendered 12,436 shares of previously owned stock to pay the exercise price of the options, and 5,208 shares were withheld to pay taxes on the resulting gain.
F2: The option vested 50% one year, 75% two years, and 100% three years after the date of grant (01/28/2002).