AI assistant
Crane NXT, Co. — Director's Dealing 2011
Feb 23, 2011
31213_dirs_2011-02-23_9e8d41f4-f780-4d87-b864-6f74c9671276.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: 2011-02-18
Reporting Person: KRAWITT ANDREW L (Vice President, Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-18 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 10000.0000 | $40.7500 | Acquired | 15722.0000 | Direct |
| 2011-02-18 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 7500.0000 | $36.4600 | Acquired | 23222.0000 | Direct |
| 2011-02-18 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 5000.0000 | $36.6400 | Acquired | 28222.0000 | Direct |
| 2011-02-18 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 4222.0000 | $40.8000 | Disposed | 24000.0000 | Direct |
| 2011-02-18 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 6315.0000 | $40.8000 | Disposed | 17685.0000 | Direct |
| 2011-02-18 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 8969.0000 | $40.8000 | Disposed | 8716.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-18 | Employee Stock Option (Right to Buy) | $36.4600 | M | 7500.0000 | Disposed | 2014-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (7500.0000) | Direct |
| 2011-02-18 | Employee Stock Option (Right to Buy) | $36.6400 | M | 5000.0000 | Disposed | 2013-01-29 | CRANE CO. COMMON, PAR VALUE $1.00 (5000.0000) | Direct |
| 2011-02-18 | Employee Stock Option (Right to Buy) | $40.7500 | M | 10000.0000 | Disposed | 2012-09-25 | CRANE CO. COMMON, PAR VALUE $1.00 (10000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3770.0000 | Indirect |
Footnotes
F1: Mr. Krawitt exercised 10,000 stock options priced at $40.75, at a market price of $48.80. The resulting after-tax gain was taken in the form of 1,031 shares of Crane Co. stock, resulting in a net increase in Mr. Krawitt's direct holdings by that amount, to 15,722 shares. Mr. Krawitt tendered 8,351 shares of previously owned stock to pay the exercise price of the options, and 618 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Krawitt exercised 7,500 stock options priced at $36.46, at a market price of $48.80. The resulting after-tax gain was taken in the form of 1,185 shares of Crane Co. stock, resulting in a net increase in Mr. Krawitt's direct holdings by that amount, to 23,222 shares. Mr. Krawitt tendered 5,604 shares of previously owned stock to pay the exercise price of the options, and 711 shares were withheld to pay taxes on the resulting gain.
F3: Mr. Krawitt exercised 5,000 stock options priced at $36.64, at a market price of $48.80. The resulting after-tax gain was taken in the form of 778 shares of Crane Co. stock, resulting in a net increase in Mr. Krawitt's direct holdings by that amount, to 28,222 shares. Mr. Krawitt tendered 3,755 shares of previously owned stock to pay the exercise price of the options, and 467 shares were withheld to pay taxes on the resulting gain.
F4: The options vested 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (01/28/2008).
F5: The options vested 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (01/29/2007).
F6: The options vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (09/25/2006).