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Crane NXT, Co. — Director's Dealing 2014
May 14, 2014
31213_dirs_2014-05-14_6b210072-9579-44a4-9385-97d9793a25a4.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: 2014-05-12
Reporting Person: DUPONT AUGUSTUS I (V.P., Gen. Couns. & Sec.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-05-12 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 7500.0000 | $16.4300 | Acquired | 97513.0000 | Direct |
| 2014-05-12 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 4269.0000 | $74.2600 | Disposed | 93244.0000 | Direct |
| 2014-05-12 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 365.0000 | $0.0000 | Acquired | 4596.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-05-12 | Employee Stock Option (Right to Buy) | $16.4300 | M | 7500.0000 | Disposed | 2015-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (7500.0000) | Direct |
Footnotes
F1: Mr. duPont exercised 7,500 stock options priced at $16.43, at a market price of $74.26. The resulting after-tax gain was taken in the form of 3,231 shares of Crane Co. Stock, resulting in a net increase in Mr. duPont's direct holdings by that amount. Mr. duPont tendered 1,660 shares of previously owned stock to pay the exercise price of the options, and 2,609 shares were withheld to pay taxes on the resulting gain.
F2: Between January 1, 2013 and March 31, 2014, the reporting person acquired an aggregate of 365 shares of Common Stock at prevailing market prices through the issuer's 401(K) Plan.
F3: 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).