CRANE CO /DE/ 4
4 · CRANE CO /DE/ · Filed Jan 27, 2017
Insider Transaction Report
Form 4
Craney Thomas J
Group Pres., Eng. Materials
Transactions
- Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-26$74.60/sh−95$7,087→ 16,420 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-25$75.25/sh−127$9,557→ 16,265 total - Exercise/Conversion
Restricted Share Unit
2017-01-25−335→ 2,551 total→ CRANE CO. COMMON, PAR VALUE $1.00 (335 underlying) - Exercise/Conversion
Restricted Share Unit
2017-01-26−250→ 2,301 total→ CRANE CO. COMMON, PAR VALUE $1.00 (250 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-25+335→ 16,392 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-26+250→ 16,515 total
Footnotes (5)
- [F1]On January 25, 2017, 335 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 127 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 208 shares of Crane Co. Common Stock.
- [F2]On January 26, 2017, 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 95 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 155 shares of Crane Co. Common Stock.
- [F3]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 date (January 25, 2016), 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.
- [F5]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 date (January 26, 2015), 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.