0000025445-17-000045.txt : 20170131 0000025445-17-000045.hdr.sgml : 20170131 20170131175756 ACCESSION NUMBER: 0000025445-17-000045 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170127 FILED AS OF DATE: 20170131 DATE AS OF CHANGE: 20170131 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CRANE CO /DE/ CENTRAL INDEX KEY: 0000025445 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 131952290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-363-7300 MAIL ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SALOVAARA KRISTIAN ROBERT CENTRAL INDEX KEY: 0001373822 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01657 FILM NUMBER: 17562400 MAIL ADDRESS: STREET 1: C/O AMERICAN HOME MORTGAGE STREET 2: 538 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 4 1 wf-form4_148590346423510.xml FORM 4 X0306 4 2017-01-27 0 0000025445 CRANE CO /DE/ CR 0001373822 SALOVAARA KRISTIAN ROBERT 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 0 1 0 0 VP, Business Development CRANE CO. COMMON, PAR VALUE $1.00 2017-01-27 4 M 0 1061 0 A 6854 D CRANE CO. COMMON, PAR VALUE $1.00 2017-01-27 4 F 0 504 74.35 D 6350 D CRANE CO. COMMON, PAR VALUE $1.00 2017-01-30 4 M 0 355 0 A 6705 D CRANE CO. COMMON, PAR VALUE $1.00 2017-01-30 4 F 0 148 73.90 D 6557 D Restricted Share Unit 2017-01-27 4 M 0 1061 0 D CRANE CO. COMMON, PAR VALUE $1.00 1061.0 3350 D Restricted Share Unit 2017-01-30 4 M 0 355 0 D CRANE CO. COMMON, PAR VALUE $1.00 355.0 2995 D On January 27, 2017, 1,061 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 504 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 557 shares of Crane Co. Common Stock. On January 30, 2017, 355 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 148 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 207 shares of Crane Co. Common Stock. 25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 27, 2014), 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. A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock. 25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 30, 2013), 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. Attorney In Fact, Christopher Dee 2017-01-31