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Crane NXT, Co. — Director's Dealing 2013
Feb 25, 2013
31213_dirs_2013-02-25_b4ad47e8-9b1a-40bf-a06a-8f1e9e8114de.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: 2013-02-22
Reporting Person: FAST ERIC C (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-02-22 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 20500.0000 | $16.4300 | Acquired | 119306.0000 | Direct |
| 2013-02-22 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 13165.0000 | $53.7200 | Disposed | 106141.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-02-22 | Employee Stock Option (Right to Buy) | $16.4300 | M | 20500.0000 | Disposed | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (20500.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3345.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 163125.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 250873.0000 | Indirect |
Footnotes
F1: Mr. Fast exercised 20,500 stock options priced at $16.43, at a market price of $53.72. The resulting after-tax gain was taken in the form of 7,335 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 106,141 shares. Mr. Fast tendered 6,270 shares of previously owned stock to pay the exercise price of the options, and 6,895 shares were withheld to pay taxes on the resulting gain.
F2: This option was granted 1/26/2009 with a six-year term, and vested 25% each year over four years.