4//SEC Filing
PANTALEONI A D 4
Accession 0000025445-18-000014
CIK 0000025445other
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 7:28 PM ET
Size
15.1 KB
Accession
0000025445-18-000014
Insider Transaction Report
Form 4
PANTALEONI A D
VP Envir. Health & Safety
Transactions
- Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-25$93.85/sh−150$14,078→ 1,339 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-26+308→ 1,647 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-26$94.09/sh−112$10,538→ 1,535 total - Exercise/Conversion
Restricted Share Unit
2018-01-25−413→ 1,929 total→ CRANE CO. COMMON, PAR VALUE $1.00 (413 underlying) - Exercise/Conversion
Restricted Share Unit
2018-01-26−308→ 1,621 total→ CRANE CO. COMMON, PAR VALUE $1.00 (308 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-25+413→ 1,489 total
Footnotes (5)
- [F1]On January 25, 2018, 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 150 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 263 shares of Crane Co. Common Stock.
- [F2]On January 26, 2018, 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 112 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 196 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 0001236282
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 7:28 PM ET
- Size
- 15.1 KB