CRANE CO /DE/ 4
4 · CRANE CO /DE/ · Filed Jan 31, 2017
Insider Transaction Report
Form 4
Craney Thomas J
Group Pres., Eng. Materials
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-27+226→ 16,646 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-27$74.35/sh−86$6,394→ 16,560 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-30$73.90/sh−129$9,533→ 16,771 total - Exercise/Conversion
Restricted Share Unit
2017-01-27−226→ 2,075 total→ CRANE CO. COMMON, PAR VALUE $1.00 (226 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2017-01-30+340→ 16,900 total - Exercise/Conversion
Restricted Share Unit
2017-01-30−340→ 1,735 total→ CRANE CO. COMMON, PAR VALUE $1.00 (340 underlying)
Footnotes (5)
- [F1]On January 27, 2017, 226 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 86 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 140 shares of Crane Co. Common Stock.
- [F2]On January 30, 2017, 340 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 129 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 211 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 27, 2014), 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 30, 2013), 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.