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Crane NXT, Co. — Director's Dealing 2016
Aug 1, 2016
31213_dirs_2016-08-01_1f73f562-d7c2-47f2-83af-64b94d4c2ed5.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: 2016-07-28
Reporting Person: MITCHELL MAX H (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-07-28 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 40000.0000 | $43.7200 | Acquired | 131238.0000 | Direct |
| 2016-07-28 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 25000.0000 | $46.5200 | Acquired | 156238.0000 | Direct |
| 2016-07-28 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 21791.0000 | $61.9500 | Disposed | 134447.0000 | Direct |
| 2016-07-28 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 33933.0000 | $61.9500 | Disposed | 100514.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-07-28 | Employee Stock Option (Right to Buy) | $43.7200 | M | 40000.0000 | Disposed | 2017-01-24 | CRANE CO. COMMON, PAR VALUE $1.00 (40000.0000) | Direct |
| 2016-07-28 | Employee Stock Option (Right to Buy) | $46.5200 | M | 25000.0000 | Disposed | 2017-05-23 | CRANE CO. COMMON, PAR VALUE $1.00 (25000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 2549.0000 | Indirect |
Footnotes
F1: Mr. Mitchell exercised 40,000 stock options, priced at $43.72 and due to expire January 2017, at a market price of $61.95. The resulting after tax gain was taken in the form of 6,067 shares of Crane Co. Stock, resulting in a net increase in Mr. Mitchell's direct holdings by that amount, to 97,305 shares. Mr. Mitchell tendered 28,230 shares of previously owned stock to pay the exercise price of the options, and 5,703 shares were withheld to pay taxes on the resulting gain.
F2: Mr. Mitchell exercised 25,000 stock options, priced at $46.52 and due to expire May 2017, at a market price of $61.95. The resulting after tax gain was taken in the form of 3,209 shares of Crane Co. Stock, resulting in a net increase in Mr. Mitchell's direct holdings by that amount, to 100,514 shares. Mr. Mitchell tendered 18,774 shares of previously owned stock to pay the exercise price of the options, and 3,017 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).