4//SEC Filing
CRANE CO /DE/ 4
Accession 0000025445-17-000016
$CXTCIK 0000025445operating
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 5:37 PM ET
Size
14.9 KB
Accession
0000025445-17-000016
Insider Transaction Report
Form 4
PANTALEONI A D
VP Envir. Health & Safety
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-25+413→ 5,289 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-25$75.25/sh−162$12,191→ 5,127 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-26+308→ 5,435 total - Exercise/Conversion
Restricted Share Unit
2017-01-25−413→ 3,329 total→ CRANE CO. COMMON, PAR VALUE $1.00 (413 underlying) - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-26$74.60/sh−121$9,027→ 5,314 total - Exercise/Conversion
Restricted Share Unit
2017-01-26−308→ 3,021 total→ CRANE CO. COMMON, PAR VALUE $1.00 (308 underlying)
Footnotes (5)
- [F1]On January 25, 2017, 413 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 162 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 251 shares of Crane Co. Common Stock.
- [F2]On January 26, 2017, 308 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 121 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 187 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 in the event of 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 in the event of a change in control of the Company.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000025445
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 5:37 PM ET
- Size
- 14.9 KB