4//SEC Filing
CRANE CO /DE/ 4
Accession 0001225208-14-002794
$CXTCIK 0000025445operating
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 8:25 PM ET
Size
13.5 KB
Accession
0001225208-14-002794
Insider Transaction Report
Form 4
Perlitz Thomas J
VP Operational Excellence
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2014-01-28+326→ 15,640 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2014-01-28$66.48/sh−116$7,712→ 15,524 total - Exercise/Conversion
Performance-Based Restricted Share Unit
2014-01-27−4,400→ 0 total→ CRANE CO. COMMON, PAR VALUE $1.00 (4,400 underlying) - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2014-01-27+6,336→ 15,314 total - Exercise/Conversion
Restricted Share Unit
2014-01-28−326→ 1,316 total→ CRANE CO. COMMON, PAR VALUE $1.00 (326 underlying)
Holdings
- 2,711(indirect: By 401(k))
CRANE CO. COMMON, PAR VALUE $1.00
Footnotes (4)
- [F1]Each Performance-Based RSU granted in January 2011 represented a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, to be determined with reference to 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. On January 27, 2014, each Performance-Based RSU was converted to the right to receive 1.44 shares of Common Stock.
- [F2]On January 28, 2014, 326 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 116 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 210 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
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000025445
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 8:25 PM ET
- Size
- 13.5 KB