4//SEC Filing
NOONAN THOMAS MICHAEL 4
Accession 0001225208-10-002423
CIK 0000025445other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 5:47 PM ET
Size
8.5 KB
Accession
0001225208-10-002423
Insider Transaction Report
Form 4
NOONAN THOMAS MICHAEL
Vice President - Taxes
Transactions
- Award
Employee Stock Option (Right to Buy)
2010-01-25+15,000→ 15,000 totalExercise: $31.94Exp: 2016-01-25→ CRANE CO. COMMON, PAR VALUE $1.00 (15,000 underlying) - Award
Restricted Stock Units
2010-01-25+2,000→ 4,000 totalExercise: $0.00→ CRANE CO. COMMON, PAR VALUE $1.00 (2,000 underlying)
Footnotes (4)
- [F1]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.
- [F2]Each Restricted Stock Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or in the event of a change in control of the Company.
- [F3]25% of the Restricted Stock Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Stock Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company.
- [F4]A Restricted Stock Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0001234628
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 5:47 PM ET
- Size
- 8.5 KB