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Crane NXT, Co. — Director's Dealing 2012
Mar 7, 2012
31213_dirs_2012-03-07_cbb0e730-4118-4009-bfcf-c303a7545e66.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: 2012-03-05
Reporting Person: Perlitz Thomas J (VP Corp Strtgy Grp Pres Cntrls)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-03-05 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 30000.0000 | $36.4600 | Acquired | 51823.0000 | Direct |
| 2012-03-05 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 14700.0000 | $31.9400 | Acquired | 66523.0000 | Direct |
| 2012-03-05 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 6750.0000 | $43.7200 | Acquired | 73273.0000 | Direct |
| 2012-03-05 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 6339.0000 | $48.0900 | Disposed | 66934.0000 | Direct |
| 2012-03-05 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 11390.0000 | $48.0900 | Disposed | 55544.0000 | Direct |
| 2012-03-05 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 25683.0000 | $48.0900 | Disposed | 29861.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-03-05 | Employee Stock Option (Right to Buy) | $43.7200 | M | 6750.0000 | Disposed | 2017-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 (6750.0000) | Direct |
| 2012-03-05 | Employee Stock Option (Right to Buy) | $31.9400 | M | 14700.0000 | Disposed | 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (14700.0000) | Direct |
| 2012-03-05 | Employee Stock Option (Right to Buy) | $36.4600 | M | 30000.0000 | Disposed | 2014-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (30000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 2711.0000 | Indirect |
Footnotes
F1: Mr. Perlitz exercised 30,000 stock options priced at $36.46, at a market price of $48.09. The resulting after-tax gain was taken in the form of 4,317 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 22,745 shares of previously owned stock to pay the exercise price of the options, and 2,938 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Perlitz exercised 14,700 stock options priced at $31.94, at a market price of $48.09. The resulting after-tax gain was taken in the form of 3,310 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings . Mr. Perlitz tendered 9,764 shares of previously owned stock to pay the exercise price of the options, and 1,626 shares were withheld to pay taxes on the resulting gain.
F3: Mr. Perlitz exercised 6,750 stock options priced at $43.72, at a market price of $48.09. The resulting after-tax gain was taken in the form of 411 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 6,137 shares of previously owned stock to pay the exercise price of the options, and 202 shares were withheld to pay taxes on the resulting gain.
F4: 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 (01/24/2011).
F5: 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 (01/25/2010).
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 (01/28/2008).