DUPONT AUGUSTUS I 4
4 · CRANE CO /DE/ · Filed Jan 31, 2018
Insider Transaction Report
Form 4
DUPONT AUGUSTUS I
V.P., Gen. Couns. & Sec.
Transactions
- Exercise/Conversion
2015 Performance-Based Restricted Share Unit
2018-01-29−4,583→ 0 total→ CRANE CO. COMMON, PAR VALUE $1.00 (4,583 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-29+7,782→ 88,786 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-29−2,384→ 86,402 total
Footnotes (2)
- [F1]Each 2015 Performance-Based RSU granted in January 2015 represented a contingent right to receive a number of shares of Crane Co. Common Stock between zero and 1.75 to be determined with reference to the Total Shareholder Return of Crane Co.'s Common Stock compared to that of companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2015 and ending December 31, 2017. On January 30, 2018, each Performance-Based RSU was converted to the right to receive 1.698 shares of Common Stock.
- [F2]4,583 Performance-Based RSUs granted in January 2015 were converted on January 29, 2017 into the right to receive 7,782 shares of Common Stock, 2,384 shares were surrendered to pay taxes on the resulting gain.