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