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Crane NXT, Co. — Director's Dealing 2013
May 1, 2013
31213_dirs_2013-05-01_fc1808e4-6003-4e6b-a9a6-45af35974cca.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: 2013-04-29
Reporting Person: FAST ERIC C (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-04-29 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 30000.0000 | $36.4600 | Acquired | 147079.0000 | Direct |
| 2013-04-29 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 25045.0000 | $53.6500 | Disposed | 122034.0000 | Direct |
| 2013-04-30 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 25578.0000 | $53.7180 | Disposed | 137547.0000 | Indirect |
| 2013-05-01 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 18757.0000 | $53.6820 | Disposed | 118790.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-04-29 | 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 | 3513.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 250873.0000 | Indirect |
Footnotes
F1: Mr. Fast exercised 30,000 stock options, priced at $36.46 and due to expire January 2014, at a market price of $53.65. The resulting after-tax gain was taken in the form of 4,955 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 122,034 shares. Mr. Fast tendered 20,388 shares of previously owned stock to pay the exercise price of the options, and 4,657 shares were withheld to pay taxes on the resulting gain.
F2: 25,578 shares of Craneo Co. common stock were sold by the Fast Family Trust established for the benefit of Mr. Fast's spouse and adult children.
F3: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $53.38 to $54.09. 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.
F4: 18,757 shares of Craneo Co. common stock were sold by the Fast Family Trust established for the benefit of Mr. Fast's spouse and adult children.
F5: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $53.15 to $53.88. 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.
F6: This option was granted 1/28/08 with a six-year term, and vested 25% each year over four years.