CRANE CO /DE/ 4
4 · CRANE CO /DE/ · Filed Apr 25, 2007
Insider Transaction Report
Form 4
QUEENAN JR CHARLES J
Director
Transactions
- Award
Deferred Stock Units
2007-04-23+899→ 899 totalExercise: $0.00→ CRANE CO. COMMON, PAR VALUE $1.00 (899 underlying)
Holdings
- 20,314
CRANE CO. COMMON, PAR VALUE $1.00
- 5,142(indirect: DRP)
CRANE CO. COMMON, PAR VALUE $1.00
Footnotes (2)
- [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.