CRANE CO /DE/ 4
4 · CRANE CO /DE/ · Filed Dec 9, 2015
Insider Transaction Report
Form 4
SCANNELL PETER O
Director
Transactions
- Award
Deferred Stock Units
2015-12-07+1,401→ 1,401 total→ CRANE CO. COMMON, PAR VALUE $1.00 (1,401 underlying)
Footnotes (2)
- [F1]Each Deferred Stock Unit represents the right to receive one share of Crane Co. common stock upon separation from service on the Board of Directors.
- [F2]Following separation from service on the Board of Directors, the Director will receive one share of Crane Co. common stock for each Deferred Stock Unit; however, if the Director's service terminates before the Company's next Annual Meeting, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire.