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Crane NXT, Co. — Director's Dealing 2011
Feb 1, 2011
31213_dirs_2011-02-01_e16eb4d9-33a2-40c7-b477-9cca0aed1f83.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: 2011-01-28
Reporting Person: FAST ERIC C (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 8290.0000 | $44.0300 | Disposed | 129201.0000 | Direct |
| 2011-01-29 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 5182.0000 | $44.4100 | Disposed | 124019.0000 | Direct |
| 2011-01-31 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 150000.0000 | $23.2300 | Acquired | 274019.0000 | Direct |
| 2011-01-31 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 108115.0000 | $44.4100 | Disposed | 165904.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-31 | Employee Stock Option (Right to Buy) | $23.2300 | M | 150000.0000 | Disposed | 2012-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (150000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 2863.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 274513.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 75512.0000 | Indirect |
Footnotes
F1: On January 28, 2011, 20,000 shares of Restricted Stock previously reported as beneficially owned by the reporting person vested due to the passage of time, and 8,290 shares were surrendered to pay taxes on such vested shares.
F2: On January 29, 2011, 12,500 shares of Restricted Stock previously reported as beneficially owned by the reporting person vested due to the passage of time, and 5,182 shares were surrendered to pay taxes on such vested shares.
F3: Mr. Fast exercised 150,000 stock options priced at $23.23, at a market price of $44.41. The resulting after-tax gain was taken in the form of 41,885 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's position by that amount, to 165,904 shares. Mr. Fast tendered 78,463 shares of previously owned stock to pay the exercise price of the options, and 29,652 of the option shares were withheld to pay taxes on the resulting gain.
F4: The option vested 50% one year, 75% two years, and 100% three years after the date of grant (01/28/2002).