AI assistant
Crane NXT, Co. — Director's Dealing 2015
May 14, 2015
31213_dirs_2015-05-14_a49dcbe3-20e3-4df2-beef-7c2695e97442.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2015-05-12
Reporting Person: MITCHELL MAX H (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-05-12 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 40000.0000 | $31.9400 | Acquired | 105810.0000 | Direct |
| 2015-05-12 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 29557.0000 | $60.6200 | Disposed | 76253.0000 | Direct |
| 2015-05-12 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 158.0000 | $0.0000 | Acquired | 2502.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-05-12 | Employee Stock Option (Right to Buy) | $31.9400 | M | 40000.0000 | Disposed | 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (40000.0000) | Direct |
Footnotes
F1: Mr. Mitchell exercised 40,000 stock options, priced at $31.94 and due to expire January 2016, at a market price of $60.62. The resulting after-tax gain was taken in the form of 10,443 shares of Crane Co. Stock, resulting in a net increase in Mr. Mitchell's direct holdings by that amount, to 76,253 shares. Mr. Mitchell tendered 21,076 shares of previously owned stock to pay the exercise price of the options, and 8,481 shares were withheld to pay taxes on the resulting gain.
F2: Between November 1, 2014 and March 31, 2015, Mr. Mitchell acquired an aggregate of 158 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 (01/25/2010).