AI assistant
Crane NXT, Co. — Director's Dealing 2016
Aug 9, 2016
31213_dirs_2016-08-09_80b71f0a-db40-4879-9111-571d8f4eb9ae.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: 2016-08-05
Reporting Person: Maue Richard A (V.P. Finance & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-05 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 6545.0000 | $50.0300 | Acquired | 43857.0000 | Direct |
| 2016-08-05 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 5787.0000 | $64.5400 | Disposed | 38070.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-05 | Employee Stock Option (Right to Buy) | $50.0300 | M | 6545.0000 | Disposed | 2018-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (6545.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 1528.0000 | Indirect |
Footnotes
F1: Mr. Maue exercised 6,545 stock options, priced at $50.03 and due to expire January 2018, at a market price of $64.54. The resulting after tax gain was taken in the form of 758 shares of Crane Co. Stock, resulting in a net increase in Mr. Maue's direct holdings by that amount, to 38,070 shares. Mr. Maue tendered 5,074 shares of previously owned stock to pay the exercise price of the options, and 713 shares were withheld to pay taxes on the resulting gain.
F2: 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).