Bender David E 4
4 · CRANE CO /DE/ · Filed Jan 27, 2012
Insider Transaction Report
Form 4
Bender David E
President, Electronics Group
Transactions
- Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2012-01-25$48.21/sh−230$11,088→ 7,193 total - Exercise/Conversion
Restricted Share Unit
2012-01-25−750→ 2,250 total→ CRANE CO. COMMON, PAR VALUE $1.00 (750 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2012-01-25+750→ 7,423 total
Holdings
- 1,070(indirect: By 401(k))
CRANE CO. COMMON, PAR VALUE $1.00
- 297(indirect: DRP)
CRANE CO. COMMON, PAR VALUE $1.00
Footnotes (3)
- [F1]On January 25, 2012, 750 Restricted Share Units, which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 230 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 520 shares of Crane Co. Common Stock.
- [F2]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.
- [F3]A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.