CRANE CO /DE/ 4
4 · CRANE CO /DE/ · Filed Apr 27, 2016
Insider Transaction Report
Form 4
BIGELOW E THAYER
Director
Transactions
- Award
Deferred Stock Units
2016-04-25+329→ 15,370 total→ CRANE CO. COMMON, PAR VALUE $1.00 (329 underlying) - Award
Deferred Stock Units
2016-04-25+2,031→ 15,041 total→ CRANE CO. COMMON, PAR VALUE $1.00 (2,031 underlying)
Footnotes (3)
- [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 first anniversary of the Grant, except for reasons of death, or a change in control of Crane Co., then the right to receive such shares will expire.
- [F3]Additional Deferred Stock Units are granted during the year to coincide with payment of dividends of Crane Co. Stock.