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Crane NXT, Co. — Director's Dealing 2016
Aug 4, 2016
31213_dirs_2016-08-04_5e307117-4c58-4e81-9dee-34f3aaf7c5fb.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: 2016-08-02
Reporting Person: Maue Richard A (V.P. Finance & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-02 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 20000.0000 | $43.7200 | Acquired | 51236.0000 | Direct |
| 2016-08-02 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 16455.0000 | $50.0300 | Acquired | 67691.0000 | Direct |
| 2016-08-02 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 14410.0000 | $62.8800 | Disposed | 53281.0000 | Direct |
| 2016-08-02 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 15969.0000 | $62.8800 | Disposed | 37312.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-02 | Employee Stock Option (Right to Buy) | $50.0300 | M | 16455.0000 | Disposed | 2018-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (16455.0000) | Direct |
| 2016-08-02 | Employee Stock Option (Right to Buy) | $43.7200 | M | 20000.0000 | Disposed | 2017-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 (20000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 1528.0000 | Indirect |
Footnotes
F1: Mr. Maue exercised 20,000 stock options, priced at $43.72 and due to expire January 2017, at a market price of $62.88. The resulting after tax gain was taken in the form of 4,031 shares of Crane Co. Stock, resulting in a net increase in Mr. Maue's direct holdings by that amount, to 35,267 shares. Mr. Maue tendered 13,906 shares of previously owned stock to pay the exercise price of the options, and 2,063 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Maue exercised 16,455 stock options, priced at $50.03 and due to expire January 2018, at a market price of $62.88. The resulting after tax gain was taken in the form of 2,045 shares of Crane Co. Stock, resulting in a net increase in Mr. Maue's direct holdings by that amount, to 37,312 shares. Mr. Maue tendered 13,093 shares of previously owned stock to pay the exercise price of the options, and 1,317 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 (01/23/2012).
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 (01/24/2011).