LOCHNER PHILIP R 4
4 · CRANE CO /DE/ · Filed Apr 30, 2019
Insider Transaction Report
Form 4
LOCHNER PHILIP R
Director
Transactions
- Award
Deferred Stock Units
2019-04-29+421→ 25,141 total→ CRANE CO. COMMON, PAR VALUE $1.00 (421 underlying)
Footnotes (3)
- [F1]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.
- [F2]Additional Deferred Stock Units are granted during the year to coincide with payment of dividends on Crane Co. Stock.
- [F3]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 Directors 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.