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Crane NXT, Co. — Director's Dealing 2012
Sep 19, 2012
31213_dirs_2012-09-19_6c615345-aa54-46bb-94c2-63c62f938fd1.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: 2012-09-17
Reporting Person: FAST ERIC C (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-09-17 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 50000.0000 | $36.6400 | Acquired | 169025.0000 | Direct |
| 2012-09-17 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 46911.0000 | $41.0900 | Disposed | 122114.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-09-17 | Employee Stock Option (Right to Buy) | $36.6400 | M | 50000.0000 | Disposed | 2013-01-29 | CRANE CO. COMMON, PAR VALUE $1.00 (50000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3301.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 239885.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 35703.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 100932.0000 | Indirect |
Footnotes
F1: Mr. Fast exercised 50,000 stock options, priced at $36.64 and due to expire in January 2013, at a market price of $41.09. The resulting after-tax gain was taken in the form of 3,089 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 122,114 shares. Mr. Fast tendered 44,586 shares of previously owned stock to pay the exercise price of the options, and 2,325 shares were withheld to pay taxes on the resulting gain.
F2: This option was granted 1/29/07 with a six-year term, and vested 25% each year over four years.