4//SEC Filing
LIPNER WILLIAM E 4
Accession 0001225208-09-010553
CIK 0000025445other
Filed
Apr 21, 8:00 PM ET
Accepted
Apr 22, 7:27 PM ET
Size
12.6 KB
Accession
0001225208-09-010553
Insider Transaction Report
Form 4
LIPNER WILLIAM E
Director
Transactions
- Award
Deferred Stock Units
2009-04-20+66→ 5,816 totalExercise: $0.00→ CRANE CO. COMMON, PAR VALUE $1.00 (66 underlying) - Other
CRANE CO. COMMON, PAR VALUE $1.00
2009-04-20+9→ 252 total(indirect: DRP) - Award
Director Stock Option(Right to Buy)
2009-04-20+2,000→ 2,000 totalExercise: $18.87Exp: 2019-04-20→ CRANE CO. COMMON, PAR VALUE $1.00 (2,000 underlying) - Award
Deferred Stock Units
2009-04-20+3,975→ 5,750 totalExercise: $0.00→ CRANE CO. COMMON, PAR VALUE $1.00 (3,975 underlying)
Holdings
- 7,670
CRANE CO. COMMON, PAR VALUE $1.00
Footnotes (5)
- [F1]Between April 1, 2008 and March 31, 2009, the reporting person acquired an aggregate of 9 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.
- [F5]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
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0000905540
Filing Metadata
- Form type
- 4
- Filed
- Apr 21, 8:00 PM ET
- Accepted
- Apr 22, 7:27 PM ET
- Size
- 12.6 KB