LOCHNER PHILIP R 4/A
4/A · CRANE CO /DE/ · Filed May 1, 2019
Insider Transaction Report
Form 4/AAmended
LOCHNER PHILIP R
Director
Transactions
- Exercise/Conversion
Deferred Stock Units
2019-04-29+25,141→ 0 total→ CRANE CO. COMMON, PAR VALUE $1.00 (25,141 underlying) - Award
Deferred Stock Units
2019-04-29+421→ 25,141 total→ CRANE CO. COMMON, PAR VALUE $1.00 (421 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2019-04-29+25,141→ 25,491 total
Footnotes (4)
- [F1]Mr. Lochner retired as of the Annual Meeting of Stockholders on April 29, 2019. 25,141 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 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.