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Crane NXT, Co. — Director's Dealing 2013
May 22, 2013
31213_dirs_2013-05-22_0cf73633-46e7-4864-9b2a-99b10dc72f8f.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: 2013-05-20
Reporting Person: FAST ERIC C (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-20 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 50000.0000 | $31.9400 | Acquired | 195031.0000 | Direct |
| 2013-05-20 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 37892.0000 | $60.2400 | Disposed | 157139.0000 | Direct |
| 2013-05-21 | CRANE CO. COMMON, PAR VALUE $1.00 | G | 2000.0000 | $0.0000 | Disposed | 155139.0000 | Direct |
| 2013-05-21 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 16309.0000 | $60.0463 | Disposed | 138830.0000 | Direct |
| 2013-05-21 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 31684.0000 | $60.1437 | Disposed | 202880.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-05-20 | Employee Stock Option (Right to Buy) | $31.9400 | M | 50000.0000 | Disposed | 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (50000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3513.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 72522.0000 | Indirect |
Footnotes
F1: Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 157,139 shares. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.
F3: 2,000 shares were transferred to Fidelity Charitable Gift Fund, allocated by the Fund to the Fast Giving Account, and subsequently sold by the Fund.
F4: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $59.81 to $60.54. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5: 31,684 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 2, a grantor retained annuity trust for the benefit of Mr. Fast's spouse and adult children.
F6: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $59.82 to $60.40. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F7: The remaining 25% will vest on the fourth anniversary of the grant date (01/25/2014).