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4//SEC Filing

CRANE CO /DE/ 4

Accession 0001225208-07-003937

$CXTCIK 0000025445operating
View on SEC.govCompany Profile

Filed

Apr 24, 8:00 PM ET

Accepted

Apr 25, 4:50 PM ET

Size

9.5 KB

Accession

0001225208-07-003937

Insider Transaction Report

Form 4
Period: 2007-04-23
CRANE CO /DE/CR
LIPNER WILLIAM E
Director
Transactions
  • Award

    Director Stock Option(Right to Buy)

    2007-04-23+2,000→ 2,000 total
    Exercise: $41.71Exp: 2017-04-23→ CRANE CO. COMMON, PAR VALUE $1.00 (2,000 underlying)
  • Award

    Deferred Stock Units

    2007-04-23+899→ 899 total
    Exercise: $0.00→ CRANE CO. COMMON, PAR VALUE $1.00 (899 underlying)
Holdings

  • CRANE CO. COMMON, PAR VALUE $1.00

    7,670

  • CRANE CO. COMMON, PAR VALUE $1.00

    (indirect: DRP)
    181
Footnotes (3)
  • [F1]EACH DEFERRED STOCK UNIT REPRESENTS THE RIGHT TO RECEIVE ONE SHARE OF CRANE CO. COMMON STOCK UPON SEPARATION FROM SERVICE ON THE BOARD OF DIRECTORS.
  • [F2]FOLLOWING SEPARATION FROM SERVICE ON THE BOARD OF DIRECTORS, THE DIRECTOR WILL RECEIVE ONE SHARE OF CRANE CO. COMMON STOCK FOR EACH DEFERRED STOCK UNIT; IF, HOWEVER, THE DIRECTOR'S SERVICE TERMINATES BEFORE THE FIRST ANNIVERSARY OF THE GRANT, EXCEPT FOR REASONS OF DEATH, DISABILITY, OR A CHANGE IN CONTROL OF CRANE CO., THEN THE RIGHT TO RECEIVE SUCH SHARES WILL EXPIRE.
  • [F3]OPTIONS BECOME EXERCISABLE 25% ON THE FIRST ANNIVERSARY, 50% ON THE SECOND ANNIVERSARY, 75% ON THE THIRD ANNIVERSARY, AND 100% ON THE FOURTH ANNIVERSARY OF THE DATE OF GRANT.

Documents

1 file

Issuer

CRANE CO /DE/

CIK 0000025445

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000025445

Filing Metadata

Form type
4
Filed
Apr 24, 8:00 PM ET
Accepted
Apr 25, 4:50 PM ET
Size
9.5 KB
View on SEC.gov