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Crane NXT, Co. — Director's Dealing 2012
Feb 28, 2012
31213_dirs_2012-02-28_8463b3fa-05cd-4adf-9540-e652bd7ebca0.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: 2012-02-24
Reporting Person: FAST ERIC C (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-02-24 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 67500.0000 | $16.4300 | Acquired | 257800.0000 | Direct |
| 2012-02-24 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 41797.0000 | $49.4100 | Disposed | 216003.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-02-24 | Employee Stock Option (Right to Buy) | $16.4300 | M | 67500.0000 | Disposed | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (67500.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3070.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 177012.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 100932.0000 | Indirect |
Footnotes
F1: Mr. Fast exercised 67,500 stock options priced at $16.43, at a market price of $49.41. The resulting after-tax gain was taken in the form of 25,703 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 216,003 shares. Mr. Fast tendered 22,446 shares of previously owned stock to pay the exercise price of the options, and 19,351 shares were withheld to pay taxes on the resulting gain.
F2: 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 (01/26/2009).