PANTALEONI A D 4
4 · CRANE CO /DE/ · Filed Feb 1, 2018
Insider Transaction Report
Form 4
PANTALEONI A D
VP Envir. Health & Safety
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-30+243→ 1,896 total - Exercise/Conversion
Restricted Share Unit
2018-01-30−243→ 1,192 total→ CRANE CO. COMMON, PAR VALUE $1.00 (243 underlying) - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-30$96.84/sh−88$8,522→ 1,808 total
Footnotes (3)
- [F1]On January 30, 2018, 243 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 155 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.