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Crane NXT, Co. — Director's Dealing 2016
Aug 5, 2016
31213_dirs_2016-08-05_5f4a16b8-868d-4d8e-b875-2bbc44de12da.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: 2016-08-03
Reporting Person: ELLIS BRADLEY (Senior Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-03 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 13500.0000 | $43.7200 | Acquired | 163771.0000 | Direct |
| 2016-08-03 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 7500.0000 | $46.5200 | Acquired | 171271.0000 | Direct |
| 2016-08-03 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 6322.0000 | $63.0900 | Disposed | 164949.0000 | Direct |
| 2016-08-03 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 10738.0000 | $63.0900 | Disposed | 154211.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-03 | Employee Stock Option (Right to Buy) | $43.7200 | M | 13500.0000 | Disposed | 2017-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 (13500.0000) | Direct |
| 2016-08-03 | Employee Stock Option (Right to Buy) | $46.5200 | M | 7500.0000 | Disposed | 2017-05-23 | CRANE CO. COMMON, PAR VALUE $1.00 (7500.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 6814.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 2774.0000 | Indirect |
Footnotes
F1: Mr. Ellis exercised 13,500 stock options, priced at $43.72 and due to expire January 2017, at a market price of $63.09. The resulting after tax gain was taken in the form of 2,762 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount, to 154,211 shares. Mr. Ellis tendered 9,356 shares of previously owned stock to pay the exercise price of the options, and 1,382 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Ellis exercised 7,500 stock options, priced at $46.52 and due to expire May 2017, at a market price of $63.09. The resulting after tax gain was taken in the form of 1,178 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 5,531 shares of previously owned stock to pay the exercise price of the options, and 791 shares were withheld to pay taxes on the resulting gain.
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 (01/24/2011).
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 (05/23/2011).