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Crane NXT, Co. — Director's Dealing 2014
Feb 3, 2014
31213_dirs_2014-02-03_d7cf53aa-bb14-400c-bcb3-770af968db24.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: 2014-01-30
Reporting Person: Perlitz Thomas J (VP Corp Strtgy Grp Pres Cntrls)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 7500.0000 | $31.9400 | Acquired | 23024.0000 | Direct |
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 6750.0000 | $43.7200 | Acquired | 29774.0000 | Direct |
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 4500.0000 | $50.0300 | Acquired | 34274.0000 | Direct |
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 3074.0000 | $48.5900 | Acquired | 37348.0000 | Direct |
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 2581.0000 | $63.9000 | Disposed | 34767.0000 | Direct |
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 3851.0000 | $63.9000 | Disposed | 30916.0000 | Direct |
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 5019.0000 | $63.9000 | Disposed | 25897.0000 | Direct |
| 2014-01-30 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 5340.0000 | $63.9000 | Disposed | 20557.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-30 | Employee Stock Option (Right to Buy) | $50.0300 | M | 4500.0000 | Disposed | 2018-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (4500.0000) | Direct |
| 2014-01-30 | Employee Stock Option (Right to Buy) | $43.7200 | M | 6750.0000 | Disposed | 2017-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 (6750.0000) | Direct |
| 2014-01-30 | Employee Stock Option (Right to Buy) | $31.9400 | M | 7500.0000 | Disposed | 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (7500.0000) | Direct |
| 2014-01-30 | Employee Stock Option (Right to Buy) | $48.5900 | M | 3074.0000 | Disposed | 2019-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (3074.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 2711.0000 | Indirect |
Footnotes
F1: Mr. Perlitz exercised 7,500 stock options priced at $31.94, at a market price of $63.90. The resulting after-tax gain was taken in the form of 2,481 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 3,749 shares of previously owned stock to pay the exercise price of the options, and 1,270 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Perlitz exercised 6,750 stock options priced at $43.72, at a market price of $63.90. The resulting after-tax gain was taken in the form of 1,410 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 4,619 shares of previously owned stock to pay the exercise price of the options, and 721 shares were withheld to pay taxes on the resulting gain.
F3: Mr. Perlitz exercised 4,500 stock options priced at $50.03, at a market price of $63.90. The resulting after-tax gain was taken in the form of 649 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 3,524 shares of previously owned stock to pay the exercise price of the options, and 327 shares were withheld to pay taxes on the resulting gain.
F4: Mr. Perlitz exercised 3,074 stock options priced at $48.59, at a market price of $63.90. The resulting after-tax gain was taken in the form of 493 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 2,338 shares of previously owned stock to pay the exercise price of the options, and 243 shares were withheld to pay taxes on the resulting gain.
F5: This option vested 50% on the second anniversary of the grant date (01/23/2012). The remaining 50% will vest on the third and fourth anniversary of the grant date.
F6: This option vested 25% on the first, 50% on the second, 75% on the third anniversary of the grant date (01/24/2011). The remaining 25% will vest on the fourth anniversary of the grant date.
F7: The remaining 25% vested on the fourth anniversary of the grant date (01/25/2010).
F8: This option vested 25% on the first anniversary of the grant date (01/28/2013). The remaining 75% will vest on the second, third and fourth anniversary of the grant date.