Baron Curtis A JR 4
4 · CRANE CO /DE/ · Filed Jan 31, 2019
Insider Transaction Report
Form 4
Baron Curtis A JR
Vice President, Controller
Transactions
- Exercise/Conversion
Restricted Share Unit
2019-01-29−74→ 1,017 total→ CRANE CO. COMMON, PAR VALUE $1.00 (74 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2019-01-29+74→ 17,327 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2019-01-29$82.82/sh−26$2,153→ 17,301 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2019-01-30+97→ 17,398 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2019-01-30$83.12/sh−33$2,743→ 17,365 total - Exercise/Conversion
Restricted Share Unit
2019-01-30$83.00/sh−97$8,051→ 920 total→ CRANE CO. COMMON, PAR VALUE $1.00 (97 underlying)
Footnotes (5)
- [F1]On January 29, 2019, 74 Restricted Share Units, each of 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 26 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 48 shares of Crane Co. Common Stock.
- [F2]On January 30, 2019, 97 Restricted Share Units, each of 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 33 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 64 shares of Crane Co. Common Stock.
- [F3]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 29, 2018), 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.
- [F4]A Restricted Share Unit is forfeited if the recipient resigns, or employment is terminated, before it has been converted to Common Stock.
- [F5]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.