4//SEC Filing
SALOVAARA KRISTIAN ROBERT 4
Accession 0000025445-20-000054
CIK 0000025445other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 5:49 PM ET
Size
9.2 KB
Accession
0000025445-20-000054
Insider Transaction Report
Form 4
SALOVAARA KRISTIAN ROBERT
VP, Business Development
Transactions
- Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-30$86.97/sh−87$7,566→ 27,597 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-30+254→ 27,684 total - Exercise/Conversion
Restricted Share Unit
2020-01-30−254→ 2,264 total→ CRANE CO. COMMON, PAR VALUE $1.00 (254 underlying)
Footnotes (3)
- [F1]On January 30, 2020, 254 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 87 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 167 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 0001373822
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 5:49 PM ET
- Size
- 9.2 KB