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Crane NXT, Co. — Director's Dealing 2013
Apr 23, 2013
31213_dirs_2013-04-23_cc6c6234-5aa1-4cb1-8217-19078492e273.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: 2013-04-19
Reporting Person: Switter Edward S (Vice President - Taxes)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-04-19 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 250.0000 | $0.0000 | Acquired | 5489.0000 | Direct |
| 2013-04-19 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 150.0000 | — | Acquired | 5639.0000 | Direct |
| 2013-04-19 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 85.0000 | $53.0400 | Disposed | 5554.0000 | Direct |
| 2013-04-19 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 151.0000 | — | Acquired | 1071.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-04-19 | Restricted Share Unit | $ | F | 250.0000 | Disposed | CRANE CO. COMMON, PAR VALUE $1.00 (250.0000) | Direct |
Footnotes
F1: On April 19, 2013, 250 Restricted Share Units, which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 85 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 165 shares of Crane Co. Common Stock.
F2: Represents shares of Common Stock acquired at prevailing market prices through the issuer's Dividend Reinvestment Plan.
F3: Between January 1, 2013 and March 31, 2013, Mr. Switter acquired an aggregate of 151 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
F4: 25% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company.
F5: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.