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Crane NXT, Co. — Director's Dealing 2018
Aug 8, 2018
31213_dirs_2018-08-08_633b1f0b-1be2-4863-8d2b-654d37e6bd5e.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: 2018-08-06
Reporting Person: Curran Brendan (Group President, Aerospace)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-06 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 3000 | $43.57 | Acquired | 14346 | Direct |
| 2018-08-06 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 3000 | $89.7791 | Disposed | 11346 | Direct |
| 2018-08-06 | CRANE CO. COMMON, PAR VALUE $1.00 | J | 7 | — | Acquired | 347 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-06 | Employee Stock Option (Right to Buy) | $43.57 | M | 3000 | Disposed | 2026-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (3000.0) | Direct |
Footnotes
F1: Mr. Curran exercised options granted to him on 1/25/2016, resulting in him acquiring 3,000 shares of common stock which he sold contemporaneously in multiple same-day transactions. After this sale, Mr. Curran will have holdings of 11,693 shares of the issuer's common stock.
F2: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $89.59 to $90.06. 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 January 31, 2017 and July 31, 2018, Mr. Curran acquired an aggregate of 7 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
F4: This option vested 50% on the second anniversary of the grant date (1/25/2016). The remaining 50% will vest on the third and fourth anniversary of the grant date.