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Crane NXT, Co. — Director's Dealing 2018
Aug 10, 2018
31213_dirs_2018-08-09_9751a558-8a2f-4527-ba24-1df27f0afd2e.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2018-07-30
Reporting Person: MITCHELL MAX H (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-07-30 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 40765 | $48.59 | Acquired | 200654 | Direct |
| 2018-07-30 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 30718 | $89.1806 | Disposed | 169936 | Direct |
| 2018-07-30 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 41 | — | Acquired | 2669 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-07-30 | Employee Stock Option (Right to Buy) | $48.59 | M | 40765 | Disposed | 2019-01-28 | CRANE CO. COMMON, PAR VALUE $1.00 (40765.0) | Direct |
Footnotes
F1: Mr. Mitchell exercised 40,765 stock options granted on 1/28/2013 and set to expire on 1/28/2019, priced at $48.59 and sold 30,718 shares at a weighted average price of $89.1806, to pay the exercise price of the options and to pay taxes on the resulting gain. After the exercise, Mr. Mitchell's holdings in the issuer's common stock increased by 10,047 shares.
F2: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $88.18 to $91.15. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3: Between August 1, 2017 and July 31, 2018, Mr. Mitchell acquired an aggregate of 41 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
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 (01/28/2013).