4//SEC Filing
Curran Brendan 4
Accession 0000025445-18-000075
CIK 0000025445other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 6:16 PM ET
Size
9.1 KB
Accession
0000025445-18-000075
Insider Transaction Report
Form 4
Curran Brendan
Group President, Aerospace
Transactions
- Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-30$96.84/sh−75$7,263→ 15,346 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-30+304→ 15,421 total - Exercise/Conversion
Restricted Share Unit
2018-01-30−304→ 3,186 total→ CRANE CO. COMMON, PAR VALUE $1.00 (304 underlying)
Footnotes (3)
- [F1]On January 30, 2018, 304 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 75 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 229 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.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0001578874
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 6:16 PM ET
- Size
- 9.1 KB