AI assistant
Crane NXT, Co. — Director's Dealing 2016
Aug 18, 2016
31213_dirs_2016-08-18_ba6d3feb-6fca-4907-99e8-fed065779093.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: 2016-08-16
Reporting Person: Lavish James A. (VP, CBS, People & Performance)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-16 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 2662.0000 | $58.4700 | Acquired | 10658.0000 | Direct |
| 2016-08-16 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 2500.0000 | $50.0300 | Acquired | 13158.0000 | Direct |
| 2016-08-16 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 1300.0000 | $48.5900 | Acquired | 14458.0000 | Direct |
| 2016-08-16 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 1090.0000 | $64.3000 | Disposed | 13368.0000 | Direct |
| 2016-08-16 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 2133.0000 | $64.3000 | Disposed | 11235.0000 | Direct |
| 2016-08-16 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 2503.0000 | $64.3000 | Disposed | 8732.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-16 | Employee Stock Option (Right to Buy) | $50.0300 | M | 2500.0000 | Disposed | 2018-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (2500.0000) | Direct |
| 2016-08-16 | Employee Stock Option (Right to Buy) | $58.4700 | M | 2622.0000 | Disposed | 2025-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (2622.0000) | Direct |
| 2016-08-16 | Employee Stock Option (Right to Buy) | $48.5900 | M | 1300.0000 | Disposed | 2019-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (1300.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 37.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 1295.0000 | Indirect |
Footnotes
F1: Mr. Lavish exercised 2,662 stock options, priced at $58.47 and due to expire January 2025, at a market price of $64.30. The resulting after tax gain was taken in the form of 159 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 2,421 shares of previously owned stock to pay the exercise price of the options, and 82 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Lavish exercised 2,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $64.30. The resulting after tax gain was taken in the form of 367 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 1,946 shares of previously owned stock to pay the exercise price of the options, and 187 shares were withheld to pay taxes on the resulting gain.
F3: Mr. Lavish exercised 1,300 stock options, priced at $48.59 and due to expire January 2019, at a market price of $64.30. The resulting after tax gain was taken in the form of 210 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 983 shares of previously owned stock to pay the exercise price of the options, and 107 shares were withheld to pay taxes on the resulting gain.
F4: 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 (01/23/2012)
F5: The remaining 50% will vest on the third and fourth anniversary of the grant date (01/26/2015).
F6: The remaining 25% will vest on the fourth anniversary of the grant date (1/28/2013).