4//SEC Filing
Baron Curtis A JR 4
Accession 0000025445-20-000042
CIK 0000025445other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 5:37 PM ET
Size
9.1 KB
Accession
0000025445-20-000042
Insider Transaction Report
Form 4
Baron Curtis A JR
Vice President, Controller
Transactions
- Exercise/Conversion
Restricted Share Unit
2020-01-30−96→ 501 total→ CRANE CO. COMMON, PAR VALUE $1.00 (96 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-30+96→ 18,097 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-30$86.97/sh−38$3,305→ 18,059 total
Footnotes (3)
- [F1]On January 30, 2020, 96 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 38 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 58 shares of Crane Co. Common Stock.
- [F2]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.
- [F3]A Restricted Share Unit is forfeited if the recipient resigns, or employment is terminated, before it has been converted to Common Stock.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0001536666
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 5:37 PM ET
- Size
- 9.1 KB