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Crane NXT, Co. — Director's Dealing 2018
Apr 25, 2018
31213_dirs_2018-04-25_7cc64634-0cbb-4226-8374-c3a9410bd352.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: 2018-04-23
Reporting Person: LOCHNER PHILIP R (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-23 | Deferred Stock Units | $ | A | 1258 | Acquired | CRANE CO. COMMON, PAR VALUE $1.00 (1258.0) | Direct | |
| 2018-04-23 | Deferred Stock Units | $ | A | 360 | Acquired | CRANE CO. COMMON, PAR VALUE $1.00 (360.0) | Direct |
Footnotes
F1: Each Deferred Stock Unit represents the right to receive one share of Crane Co. common stock upon separation from service on the Board of Directors.
F2: Following separation from service on the Board of Directors, the Director will receive one share of Crane Co. common stock for each Deferred Stock Unit; however, if the Director's service terminates before the first anniversary of the Grant, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire.
F3: Additional Deferred Stock Units are granted during the year to coincide with payment of dividends on Crane Co. Stock.