4//SEC Filing
ROMITO MICHAEL A 4
Accession 0001225208-11-003842
CIK 0000025445other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 5:26 PM ET
Size
11.2 KB
Accession
0001225208-11-003842
Insider Transaction Report
Form 4
ROMITO MICHAEL A
Pres., Crane Aerospace Group
Transactions
- Award
Performance-Based Restricted Share Unit
2011-01-24+3,200→ 3,200 total→ CRANE CO. COMMON, PAR VALUE $1.00 (3,200 underlying) - Award
Employee Stock Option (Right to Buy)
2011-01-24+20,000→ 20,000 totalExercise: $43.72Exp: 2017-01-24→ CRANE CO. COMMON, PAR VALUE $1.00 (20,000 underlying) - Award
Restricted Stock Units
2011-01-24+1,000→ 5,000 total→ CRANE CO. COMMON, PAR VALUE $1.00 (1,000 underlying)
Footnotes (6)
- [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 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2011 and ending December 31, 2013.
- [F3]Assuming the performance conditions specified in footnote 2 are met, the Performance-Based RSUs will vest on December 31, 2013, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company.
- [F4]Each Restricted Share 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.
- [F5]25% of the Restricted Share 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 Share 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.
- [F6]A Restricted Share 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 0001460915
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 5:26 PM ET
- Size
- 11.2 KB