Baron Curtis A JR 4
4 · CRANE CO /DE/ · Filed Jan 30, 2020
Insider Transaction Report
Form 4
Baron Curtis A JR
Vice President, Controller
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-28+85→ 17,991 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-28$85.39/sh−34$2,903→ 17,957 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-29+74→ 18,031 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-29$86.54/sh−30$2,596→ 18,001 total - Exercise/Conversion
Restricted Share Unit
2020-01-28−85→ 671 total→ CRANE CO. COMMON, PAR VALUE $1.00 (85 underlying) - Exercise/Conversion
Restricted Share Unit
2020-01-29−74→ 597 total→ CRANE CO. COMMON, PAR VALUE $1.00 (74 underlying)
Footnotes (5)
- [F1]On January 28, 2020, 85 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 34 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 51 shares of Crane Co. Common Stock.
- [F2]On January 29, 2020, 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 30 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 44 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 28, 2019), provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of 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 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.