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Crane NXT, Co. — Director's Dealing 2016
Jan 27, 2016
31213_dirs_2016-01-27_7aa15396-a43f-4f3c-aca5-4b276bc6da87.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2016-01-25
Reporting Person: Lavish James A. (VP, CBS, People & Performance)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| CRANE CO. COMMON, PAR VALUE $1.00 | 5923.0000 | Direct |
| CRANE CO. COMMON, PAR VALUE $1.00 | 37.0000 | Indirect |
| CRANE CO. COMMON, PAR VALUE $1.00 | 1295.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2013 Performance-Based Restricted Share Unit | $ | CRANE CO. COMMON, PAR VALUE $1.00 (1862.0000) | Direct | ||
| 2014 Performance-Based Restricted Share Unit | $ | CRANE CO. COMMON, PAR VALUE $1.00 (2453.0000) | Direct | ||
| 2015 Performance-Based Restricted Share Unit | $ | CRANE CO. COMMON, PAR VALUE $1.00 (2455.0000) | Direct | ||
| Employee Stock Option (Right to Buy) | $48.5900 | 2019-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (2600.0000) | Direct | |
| Employee Stock Option (Right to Buy) | $50.0300 | 2018-01-23 | CRANE CO. COMMON, PAR VALUE $1.00 (2500.0000) | Direct | |
| Employee Stock Option (Right to Buy) | $58.4700 | 2025-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (10649.0000) | Direct | |
| Employee Stock Option (Right to Buy) | $64.7800 | 2024-01-27 | CRANE CO. COMMON, PAR VALUE $1.00 (8353.0000) | Direct | |
| Restricted Share Unit | $ | CRANE CO. COMMON, PAR VALUE $1.00 (3501.0000) | Direct |
Footnotes
F1: Assuming the performance conditions specified in footnote 2 are met, the Performance-Based RSUs will vest on December 31, 2015, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company.
F2: Each 2013 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2013 and ending December 31, 2015.
F3: Assuming the performance conditions specified in footnote 4 are met, the Performance-Based RSUs will vest on December 31, 2016, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company.
F4: Each 2014 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2014 and ending December 31, 2016.
F5: Assuming the performance conditions specified in footnote 6 are met, the Performance-Based RSUs will vest on December 31, 2017, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company.
F6: Each 2015 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2015 and ending December 31, 2017.
F7: 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.
F8: 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 , 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 in the event of a change in control of the Company.
F9: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.
F10: Each Restricted Share Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or in the event of a change in control of the Company.