CRANE CO /DE/ 4

4 · CRANE CO /DE/ · Filed Jan 28, 2014

Form 4

Period: 2014-01-24

VP Operational Excellence

Transactions

Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2014-01-24$65.46/sh−132$8,641→ 8,370 total
Exercise/Conversion
Restricted Share Unit
2014-01-24−337→ 2,642 total
→ CRANE CO. COMMON, PAR VALUE $1.00 (337 underlying)
Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2014-01-25$64.78/sh−392$25,394→ 8,978 total
Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2014-01-24+337→ 8,502 total
Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2014-01-25+1,000→ 9,370 total
Exercise/Conversion
Restricted Share Unit
2014-01-25−1,000→ 1,642 total
→ CRANE CO. COMMON, PAR VALUE $1.00 (1,000 underlying)

Holdings

Footnotes (4)

[F1]On January 24, 2014, 337 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 132 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 205 shares of Crane Co. Common Stock.
[F2]On January 25, 2014, 1,000 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 392 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 608 shares of Crane Co. Common Stock.
[F3]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.
[F4]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

1 file