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Crane NXT, Co. — Director's Dealing 2012
Sep 28, 2012
31213_dirs_2012-09-28_d7a60145-cd73-4f9e-95df-20a94777ce2a.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: 2012-09-26
Reporting Person: ELLIS BRADLEY (Group President, Merch. Syst.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-09-26 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 40000.0000 | $19.1100 | Acquired | 147184.0000 | Direct |
| 2012-09-26 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 30000.0000 | $36.6400 | Acquired | 177184.0000 | Direct |
| 2012-09-26 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 22500.0000 | $16.4300 | Acquired | 199684.0000 | Direct |
| 2012-09-26 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 14851.0000 | $40.1500 | Disposed | 184833.0000 | Direct |
| 2012-09-26 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 26543.0000 | $40.1500 | Disposed | 158290.0000 | Direct |
| 2012-09-26 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 28491.0000 | $40.1500 | Disposed | 129799.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-09-26 | Employee Stock Option (Right to Buy) | $16.4300 | M | 22500.0000 | Disposed | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (22500.0000) | Direct |
| 2012-09-26 | Employee Stock Option (Right to Buy) | $19.1100 | M | 40000.0000 | Disposed | 2013-01-27 | CRANE CO. COMMON, PAR VALUE $1.00 (40000.0000) | Direct |
| 2012-09-26 | Employee Stock Option (Right to Buy) | $36.6400 | M | 30000.0000 | Disposed | 2013-01-29 | CRANE CO. COMMON, PAR VALUE $1.00 (30000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 5337.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 2398.0000 | Indirect |
Footnotes
F1: Mr. Ellis exercised 40,000 stock options priced at $19.11, at a market price of $40.15. The resulting after-tax gain was taken in the form of 13,457 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 19,039 shares of previously owned stock to pay the exercise price of the options, and 7,504 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Ellis exercised 30,000 stock options priced at $36.64, at a market price of $40.15. The resulting after-tax gain was taken in the form of 1,509 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 27,378 shares of previously owned stock to pay the exercise price of the options, and 1,113 shares were withheld to pay taxes on the resulting gain.
F3: Mr. Ellis exercised 22,500 stock options priced at $16.43, at a market price of $40.15. The resulting after-tax gain was taken in the form of 7,649 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 9,208 shares of previously owned stock to pay the exercise price of the options, and 5,643 shares were withheld to pay taxes on the resulting gain.
F4: This option vested 25% on the first, 50% on the second and 75% on the third anniversary of the grant date (01/26/2009). The remaining 25% will vest on the fourth anniversary of the grant date.
F5: The option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/27/2006).
F6: This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/29/2007).