QUEENAN JR CHARLES J 4
4 · CRANE CO /DE/ · Filed Apr 22, 2009
Insider Transaction Report
Form 4
QUEENAN JR CHARLES J
Director
Transactions
- Award
Deferred Stock Units
2009-04-20+66→ 3,828 totalExercise: $0.00→ CRANE CO. COMMON, PAR VALUE $1.00 (66 underlying) - Other
CRANE CO. COMMON, PAR VALUE $1.00
2009-04-20+718→ 6,919 total(indirect: DRP) - Award
Deferred Stock Units
2009-04-20+1,987→ 3,762 totalExercise: $0.00→ CRANE CO. COMMON, PAR VALUE $1.00 (1,987 underlying)
Holdings
- 23,314
CRANE CO. COMMON, PAR VALUE $1.00
Footnotes (4)
- [F1]Between November 1, 2008 and March 31, 2009, the reporting person acquired an aggregate of 718 shares of common stock at prevailing market prices through the issuer's Dividend Reinvestment Plan.
- [F2]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.
- [F3]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; however, if the Director's service terminates before the first anniversary of the Grant, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire.
- [F4]Additional Deferred Stock Units are granted during the year to coincide with payment of dividends of Crane Co. stock.