BIGELOW E THAYER 4
4 · CRANE CO /DE/ · Filed Apr 25, 2018
Insider Transaction Report
Form 4
BIGELOW E THAYER
Director
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-04-23+17,493→ 17,493 total - Award
Deferred Stock Units
2018-04-23+278→ 17,493 total→ CRANE CO. COMMON, PAR VALUE $1.00 (278 underlying) - Exercise/Conversion
Deferred Stock Units
2018-04-23−17,493→ 0 total→ CRANE CO. COMMON, PAR VALUE $1.00 (17,493 underlying)
Footnotes (4)
- [F1]Mr. Bigelow did not stand for re-election to the Board at the Annual Meeting on April 23, 2018. 17,493 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 on 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.