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Crane NXT, Co. — Director's Dealing 2016
Apr 28, 2016
31213_dirs_2016-04-27_2466e2cf-cba4-4f14-8e94-1561c017b49d.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: 2016-04-25
Reporting Person: FORTE RICHARD S (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-25 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 4214.0000 | $0.0000 | Acquired | 8641.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-04-25 | Deferred Stock Units | $ | A | 353.0000 | Acquired | CRANE CO. COMMON, PAR VALUE $1.00 (353.0000) | Direct | |
| 2016-04-25 | Deferred Stock Units | $ | M | 4214.0000 | Disposed | CRANE CO. COMMON, PAR VALUE $1.00 (4214.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 4769.0000 | Indirect |
Footnotes
F1: Mr. Forte did not stand for re-election to the Board at the Annual Meeting on April 25, 2016. 4,214 previously granted Deferred Stock Units converted to shares of Crane Co. Common Stock on that date. Mr. Forte had elected to have his remaining Deferred Stock Units convert to Crane Co. Common Stock on various subsequent dates.
F2: Each Deferred Stock Unit represents the right to receive one share of Crane Co. common stock upon separation from service on the Board of Directors.
F3: Additional Deferred Stock Units are granted during the year to coincide with payment of dividends of Crane Co. Stock.
F4: Following separation from service on the Board of Directors, the Director will receive one share of Crane Co. common stock for each Deferred Stock Unit; however, if the Director's service terminates before the first anniversary of the Grant, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire.