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4//SEC Filing

CRANE CO /DE/ 4

Accession 0001225208-14-003075

$CXTCIK 0000025445operating
View on SEC.govCompany Profile

Filed

Feb 2, 7:00 PM ET

Accepted

Feb 3, 5:10 PM ET

Size

25.9 KB

Accession

0001225208-14-003075

Insider Transaction Report

Form 4
Period: 2014-01-30
CRANE CO /DE/CR
Perlitz Thomas J
VP Operational Excellence
Transactions
  • Tax Payment

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$63.90/sh−5,019$320,714→ 25,897 total
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2014-01-30−6,750→ 6,750 total
    Exercise: $43.72Exp: 2017-01-24→ CRANE CO. COMMON, PAR VALUE $1.00 (6,750 underlying)
  • Exercise/Conversion

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$31.94/sh+7,500$239,550→ 23,024 total
  • Tax Payment

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$63.90/sh−2,581$164,926→ 34,767 total
  • Tax Payment

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$63.90/sh−5,340$341,226→ 20,557 total
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2014-01-30−3,074→ 9,223 total
    Exercise: $48.59Exp: 2019-01-28→ CRANE CO. COMMON, PAR VALUE $1.00 (3,074 underlying)
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2014-01-30−4,500→ 9,000 total
    Exercise: $50.03Exp: 2018-01-23→ CRANE CO. COMMON, PAR VALUE $1.00 (4,500 underlying)
  • Exercise/Conversion

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$43.72/sh+6,750$295,110→ 29,774 total
  • Exercise/Conversion

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$50.03/sh+4,500$225,135→ 34,274 total
  • Exercise/Conversion

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$48.59/sh+3,074$149,366→ 37,348 total
  • Tax Payment

    CRANE CO. COMMON, PAR VALUE $1.00

    2014-01-30$63.90/sh−3,851$246,079→ 30,916 total
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2014-01-30−7,500→ 0 total
    Exercise: $31.94Exp: 2016-01-25→ CRANE CO. COMMON, PAR VALUE $1.00 (7,500 underlying)
Holdings

  • CRANE CO. COMMON, PAR VALUE $1.00

    (indirect: By 401(k))
    2,711
Footnotes (8)
  • [F1]Mr. Perlitz exercised 7,500 stock options priced at $31.94, at a market price of $63.90. The resulting after-tax gain was taken in the form of 2,481 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 3,749 shares of previously owned stock to pay the exercise price of the options, and 1,270 shares were withheld to pay taxes on the resulting gain.
  • [F2]Mr. Perlitz exercised 6,750 stock options priced at $43.72, at a market price of $63.90. The resulting after-tax gain was taken in the form of 1,410 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 4,619 shares of previously owned stock to pay the exercise price of the options, and 721 shares were withheld to pay taxes on the resulting gain.
  • [F3]Mr. Perlitz exercised 4,500 stock options priced at $50.03, at a market price of $63.90. The resulting after-tax gain was taken in the form of 649 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 3,524 shares of previously owned stock to pay the exercise price of the options, and 327 shares were withheld to pay taxes on the resulting gain.
  • [F4]Mr. Perlitz exercised 3,074 stock options priced at $48.59, at a market price of $63.90. The resulting after-tax gain was taken in the form of 493 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings. Mr. Perlitz tendered 2,338 shares of previously owned stock to pay the exercise price of the options, and 243 shares were withheld to pay taxes on the resulting gain.
  • [F5]This option vested 50% on the second anniversary of the grant date (01/23/2012). The remaining 50% will vest on the third and fourth anniversary of the grant date.
  • [F6]This option vested 25% on the first, 50% on the second, 75% on the third anniversary of the grant date (01/24/2011). The remaining 25% will vest on the fourth anniversary of the grant date.
  • [F7]The remaining 25% vested on the fourth anniversary of the grant date (01/25/2010).
  • [F8]This option vested 25% on the first anniversary of the grant date (01/28/2013). The remaining 75% will vest on the second, third and fourth anniversary of the grant date.

Documents

1 file

Issuer

CRANE CO /DE/

CIK 0000025445

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000025445

Filing Metadata

Form type
4
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:10 PM ET
Size
25.9 KB
View on SEC.gov