DUPONT AUGUSTUS I 4
4 · CRANE CO /DE/ · Filed Feb 1, 2018
Insider Transaction Report
Form 4
DUPONT AUGUSTUS I
V.P., Gen. Couns. & Sec.
Transactions
- Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-30$96.84/sh−88$8,522→ 86,598 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-30+284→ 86,686 total - Exercise/Conversion
Restricted Share Unit
2018-01-30−284→ 2,177 total→ CRANE CO. COMMON, PAR VALUE $1.00 (284 underlying)
Footnotes (3)
- [F1]On January 30, 2018, 284 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 88 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 196 shares of Crane Co. Common Stock.
- [F2]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, 2017), 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.
- [F3]A Restricted Share Unit is forfeited if the recipient resigns, or employment is terminated, before it has been converted to Common Stock.