4//SEC Filing
DUPONT AUGUSTUS I 4
Accession 0000025445-18-000008
CIK 0000025445other
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 7:23 PM ET
Size
15.0 KB
Accession
0000025445-18-000008
Insider Transaction Report
Form 4
DUPONT AUGUSTUS I
V.P., Gen. Couns. & Sec.
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-25+482→ 80,742 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-25$93.85/sh−175$16,424→ 80,567 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-26+359→ 80,926 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-25$94.09/sh−130$12,232→ 80,796 total - Award
Restricted Share Unit
2018-01-26−359→ 2,788 total→ CRANE CO. COMMON, PAR VALUE $1.00 (359 underlying) - Exercise/Conversion
Restricted Share Unit
2018-01-25−482→ 3,147 total→ CRANE CO. COMMON, PAR VALUE $1.00 (482 underlying)
Footnotes (5)
- [F1]On January 25, 2018, 482 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 175 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 307 shares of Crane Co. Common Stock.
- [F2]On January 26, 2018, 359 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 130 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 229 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, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after 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, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0001230643
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 7:23 PM ET
- Size
- 15.0 KB