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Crane NXT, Co. — Director's Dealing 2011
Jan 4, 2011
31213_dirs_2011-01-04_7e932fd1-06c6-48e9-8c70-4cab7260535d.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: 2010-12-31
Reporting Person: ELLIS BRADLEY (Group President, Merch. Syst.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-31 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 30000.0000 | $26.8600 | Acquired | 105455.0000 | Direct |
| 2010-12-31 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 20000.0000 | $26.9500 | Acquired | 125455.0000 | Direct |
| 2010-12-31 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 15356.0000 | $41.0700 | Disposed | 110099.0000 | Direct |
| 2010-12-31 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 23837.0000 | $41.0700 | Disposed | 86262.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-31 | Employee Stock Option (Right to Buy) | $26.9500 | M | 20000.0000 | Disposed | 2011-01-22 | CRANE CO. COMMON, PAR VALUE $1.00 (20000.0000) | Direct |
| 2010-12-31 | Employee Stock Option (Right to Buy) | $26.8600 | M | 30000.0000 | Disposed | 2011-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 (30000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 4764.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 1599.0000 | Indirect |
Footnotes
F1: Mr. Ellis exercised 30,000 stock options priced at $26.86, at a market price of $41.07. The resulting after-tax gain was taken in the form of 6,163 shares of Crane Co. stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount, to 81,618 shares. Mr. Ellis tendered 19,620 shares of previously owned stock to pay the exercise price of the options, and 4,217 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Ellis exercised 20,000 stock options priced at $26.95, at a market price of $41.07. The resulting after-tax gain was taken in the form of 4,644 shares of Crane Co. stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount, to 86,262 shares. Mr. Ellis tendered 13,124 shares of previously owned stock to pay the exercise price of the options, and 2,232 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 (01/22/2001).
F4: The options vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/24/2005).