4//SEC Filing
ELLIS BRADLEY 4
Accession 0000025445-20-000030
CIK 0000025445other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 5:45 PM ET
Size
14.9 KB
Accession
0000025445-20-000030
Insider Transaction Report
Form 4
ELLIS BRADLEY
Pres., Merch. Systems Group
Transactions
- Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-28$85.39/sh−90$7,685→ 183,790 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-29+233→ 184,023 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-28+284→ 183,880 total - Exercise/Conversion
Restricted Share Unit
2020-01-29−233→ 4,187 total→ CRANE CO. COMMON, PAR VALUE $1.00 (233 underlying) - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-29$86.54/sh−74$6,404→ 183,949 total - Exercise/Conversion
Restricted Share Unit
2020-01-28−284→ 4,420 total→ CRANE CO. COMMON, PAR VALUE $1.00 (284 underlying)
Footnotes (5)
- [F1]On January 28, 2020, 284 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 90 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 194 shares of Crane Co. Common Stock.
- [F2]On January 29, 2020, 233 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 74 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 159 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 ceases to be employed by the Company 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.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0001230095
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 5:45 PM ET
- Size
- 14.9 KB