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Crane NXT, Co. — Director's Dealing 2013
Mar 18, 2013
31213_dirs_2013-03-18_cdbf2d7a-c652-4ce5-82e0-79582b6a6ea2.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: 2013-03-14
Reporting Person: ELLIS BRADLEY (Group President, Merch. Syst.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-03-14 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 26250.0000 | $31.9400 | Acquired | 159193.0000 | Direct |
| 2013-03-14 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 4899.0000 | $36.4600 | Acquired | 164092.0000 | Direct |
| 2013-03-14 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 4496.0000 | $16.4300 | Acquired | 168588.0000 | Direct |
| 2013-03-14 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 2843.0000 | $55.9600 | Disposed | 165745.0000 | Direct |
| 2013-03-14 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 3777.0000 | $55.9600 | Disposed | 161968.0000 | Direct |
| 2013-03-14 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 20386.0000 | $55.9600 | Disposed | 141582.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-03-14 | Employee Stock Option (Right to Buy) | $31.9400 | M | 26250.0000 | Disposed | 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (26250.0000) | Direct |
| 2013-03-14 | Employee Stock Option (Right to Buy) | $16.4300 | M | 4496.0000 | Disposed | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (4496.0000) | Direct |
| 2013-03-14 | Employee Stock Option (Right to Buy) | $36.4600 | M | 4899.0000 | Disposed | 2014-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (4899.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 5737.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 2774.0000 | Indirect |
Footnotes
F1: Mr. Ellis exercised 26,250 stock options priced at $31.94, at a market price of $55.96. The resulting after-tax gain was taken in the form of 5,864 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 14,983 shares of previously owned stock to pay the exercise price of the options, and 5,403 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Ellis exercised 4,899 stock options priced at $36.46, at a market price of $55.96. The resulting after-tax gain was taken in the form of 1,122 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 3,192 shares of previously owned stock to pay the exercise price of the options, and 585 shares were withheld to pay taxes on the resulting gain.
F3: Mr. Ellis exercised 4,496 stock options priced at $16.43, at a market price of $55.96. The resulting after-tax gain was taken in the form of 1,653 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 1,321 shares of previously owned stock to pay the exercise price of the options, and 1,522 shares were withheld to pay taxes on the resulting gain.
F4: This option vested 25% on the first, 50% on the second and 75% on the third anniversary of the grant date (01/25/2010). The remaining 25% will vest on the fourth anniversary of the grant date.
F5: 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).
F6: 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 (01/28/2008).