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Crane NXT, Co. — Director's Dealing 2016
Jan 30, 2016
31213_dirs_2016-01-29_b921887e-915d-49f5-a34c-21adb36ebba2.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: 2016-01-27
Reporting Person: Pinkham Louis V. (Senior Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-01-27 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 365.0000 | $0.0000 | Acquired | 10783.0000 | Direct |
| 2016-01-27 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 155.0000 | $45.9600 | Disposed | 10628.0000 | Direct |
| 2016-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 463.0000 | $0.0000 | Acquired | 11091.0000 | Direct |
| 2016-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 197.0000 | $46.0600 | Disposed | 10894.0000 | Direct |
| 2016-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 128.0000 | $0.0000 | Acquired | 433.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-27 | Restricted Share Unit | $ | M | 365.0000 | Disposed | CRANE CO. COMMON, PAR VALUE $1.00 (365.0000) | Direct | |
| 2016-01-28 | Restricted Share Unit | $ | M | 463.0000 | Disposed | CRANE CO. COMMON, PAR VALUE $1.00 (463.0000) | Direct |
Footnotes
F1: On January 27, 2016, 365 Restricted Share Units, which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 155 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 210 shares of Crane Co. Common Stock.
F2: On January 28, 2016, 463 Restricted Share Units, which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 197 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 266 shares of Crane Co. Common Stock.
F3: Between October 1, 2014 and December 31, 2015, the reporting person acquired an aggregate of 128 shares of Common Stock at prevailing market prices through the issuer's 401(K) Plan.
F4: 25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 27, 2014), provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or termination following a change in control of the Company.
F5: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.
F6: 25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 28, 2013), provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or termination following a change in control of the Company.