0000025445-19-000016.txt : 20190129 0000025445-19-000016.hdr.sgml : 20190129 20190129193229 ACCESSION NUMBER: 0000025445-19-000016 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190125 FILED AS OF DATE: 20190129 DATE AS OF CHANGE: 20190129 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: 19550033 MAIL ADDRESS: STREET 1: C/O AMERICAN HOME MORTGAGE STREET 2: 538 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 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 4 1 wf-form4_154880833268590.xml FORM 4 X0306 4 2019-01-25 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 2019-01-25 4 M 0 430 0 A 18926 D CRANE CO. COMMON, PAR VALUE $1.00 2019-01-25 4 F 0 169 79.37 D 18757 D CRANE CO. COMMON, PAR VALUE $1.00 2019-01-26 4 M 0 321 0 A 19078 D CRANE CO. COMMON, PAR VALUE $1.00 2019-01-26 4 F 0 127 79.14 D 18951 D CRANE CO. COMMON, PAR VALUE $1.00 439 I 401(K) Restricted Share Unit 2019-01-25 4 M 0 430 0 D CRANE CO. COMMON, PAR VALUE $1.00 430.0 2317 D Restricted Share Unit 2019-01-26 4 M 0 321 0 D CRANE CO. COMMON, PAR VALUE $1.00 321.0 1996 D On January 25, 2019, 430 Restricted Share Units, each of 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 169 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 261 shares of Crane Co. Common Stock. On January 26, 2019, 321 Restricted Share Units, each of 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 127 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 194 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 25, 2016), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company. A Restricted Share Unit is forfeited if the recipient resigns, or employment is terminated, 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 26, 2015), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company. Attorney In Fact, Alishba Kassim 2019-01-29