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Crane NXT, Co. — Director's Dealing 2016
Jan 28, 2016
31213_dirs_2016-01-28_360d9db0-4725-4490-b819-f4fff866a254.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: 2016-01-25
Reporting Person: PANTALEONI A D (VP Envir. Health & Safety)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 250.0000 | $0.0000 | Acquired | 4376.0000 | Direct |
| 2016-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 | F | 98.0000 | $43.5700 | Disposed | 4278.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-25 | Employee Stock Option (Right to Buy) | $43.5700 | A | 7362.0000 | Acquired | 2026-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (7362.0000) | Direct |
| 2016-01-25 | Restricted Share Unit | $ | A | 1653.0000 | Acquired | CRANE CO. COMMON, PAR VALUE $1.00 (1653.0000) | Direct | |
| 2016-01-25 | Restricted Share Unit | $ | M | 250.0000 | Disposed | CRANE CO. COMMON, PAR VALUE $1.00 (250.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 17099.0000 | Indirect |
Footnotes
F1: On January 25, 2016, 250 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 98 shares were withheld to pay taxes on the resulting gain.
F2: Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
F3: 25% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, 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.
F4: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.