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Crane NXT, Co. — Director's Dealing 2014
Jan 28, 2014
31213_dirs_2014-01-28_792b2dec-0492-47fa-81cd-f2fa713cd0e3.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: 2014-01-24
Reporting Person: FAST ERIC C (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 2400.0000 | $0.0000 | Acquired | 70017.0000 | Direct |
| 2014-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 835.0000 | $65.4600 | Disposed | 69182.0000 | Direct |
| 2014-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 20000.0000 | $0.0000 | Acquired | 89182.0000 | Direct |
| 2014-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 7791.0000 | $64.7800 | Disposed | 81391.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-24 | Restricted Share Unit | $ | M | 2400.0000 | Disposed | CRANE CO. COMMON, PAR VALUE $1.00 (2400.0000) | Direct | |
| 2014-01-25 | Restricted Share Unit | $ | M | 20000.0000 | Disposed | CRANE CO. COMMON, PAR VALUE $1.00 (20000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 3513.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 50929.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 158700.0000 | Indirect |
Footnotes
F1: On January 24, 2014, 2,400 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 835 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 1,565 shares of Crane Co. Common Stock.
F2: On January 25, 2014, 20,000 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 7,791 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 12,209 shares of Crane Co. Common Stock.
F3: 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.
F4: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.