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Crane NXT, Co. — Director's Dealing 2013
Jun 17, 2013
31213_dirs_2013-06-17_b3fe41cf-5818-47c8-8835-45f0961cf125.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: 2013-06-13
Reporting Person: Perlitz Thomas J (VP Corp Strtgy Grp Pres Cntrls)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-06-13 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 6750.0000 | $43.7200 | Acquired | 41275.0000 | Direct |
| 2013-06-13 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 4500.0000 | $50.0300 | Acquired | 45775.0000 | Direct |
| 2013-06-13 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 4034.0000 | $59.3300 | Disposed | 41741.0000 | Direct |
| 2013-06-13 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 5576.0000 | $59.3300 | Disposed | 36165.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-06-13 | Employee Stock Option (Right to Buy) | $50.0300 | M | 4500.0000 | Disposed | 2018-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (4500.0000) | Direct |
| 2013-06-13 | 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 |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 2711.0000 | Indirect |
Footnotes
F1: Mr. Perlitz exercised 6,750 stock options priced at $43.72, at a market price of $59.33. The resulting after-tax gain was taken in the form of 1,174 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 4,975 shares of previously owned stock to pay the exercise price of the options, and 601 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Perlitz exercised 4,500 stock options priced at $50.03, at a market price of $59.33. The resulting after-tax gain was taken in the form of 466 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 3,795 shares of previously owned stock to pay the exercise price of the options, and 239 shares were withheld to pay taxes on the resulting gain.
F3: This option vested 25% on the first anniversary of the grant date (01/23/2012). The remaining 75% will vest on the second, third and fourth anniversary of the grant date.
F4: This option vested 25% on the first and 25% on the second anniversary of the grant date (1/24/2011). The remaining 50% will vest on the third and fourth anniversary of the grant date.