SALOVAARA KRISTIAN ROBERT 4

4 · CRANE CO /DE/ · Filed Aug 27, 2020

Form 4

Period: 2020-08-26

VP, Business Development

Transactions

Award
CRANE CO. COMMON, PAR VALUE $1.00
2020-08-26+17→ 456 total(indirect: By 401(k))
Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-08-26−26,840→ 0 total
Exercise: $43.57Exp: 2026-01-25→ CRANE CO. COMMON, PAR VALUE $1.00 (26,840 underlying)
Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2020-08-26$43.57/sh+26,840$1,169,419→ 54,437 total
Sale
CRANE CO. COMMON, PAR VALUE $1.00
2020-08-26$57.81/sh−22,575$1,305,011→ 31,862 total

Footnotes (4)

[F1]Mr. Salovaara exercised 26,840 stock options granted 01/25/2016 and set to expire 1/25/2026 priced at $43.57 and sold 22,575 at a weighted average price of $57.8078.
[F2]Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $57.65 to $58.06. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
[F3]Between January 1, 2019 and August 25, 2020, Mr. Salovaara acquired an aggregate of 17 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
[F4]This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/25/2016).

Documents

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