SCANNELL PETER O 4
4 · CRANE CO /DE/ · Filed Apr 25, 2018
Insider Transaction Report
Form 4
SCANNELL PETER O
Director
Transactions
- Exercise/Conversion
Deferred Stock Units
2018-04-23−7,390→ 0 total→ CRANE CO. COMMON, PAR VALUE $1.00 (7,390 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-04-23+7,390→ 7,390 total - Award
Deferred Stock Units
2018-04-23+107→ 7,390 total→ CRANE CO. COMMON, PAR VALUE $1.00 (107 underlying)
Footnotes (4)
- [F1]Mr. Scannell resigned from the Board effective as of the Annual Meeting on April 23, 2018. 7,390 previously granted Deferred Stock Units converted to shares of Crane Co. Common Stock on that date.
- [F2]Each Deferred Stock Unit represents the right to receive one share of Crane Co. common stock upon separation from service on the Board of Directors.
- [F3]Additional Deferred Stock Units are granted during the year to coincide with payment of dividends of Crane Co. Stock.
- [F4]Following separation from service on the Board of Directors, the Director will receive one share of Crane Co. common stock for each Deferred Stock Unit; however, if the Director's service terminates before the first anniversary of the Grant, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire.