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