0000025445-20-000040.txt : 20200130
0000025445-20-000040.hdr.sgml : 20200130
20200130180158
ACCESSION NUMBER: 0000025445-20-000040
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200128
FILED AS OF DATE: 20200130
DATE AS OF CHANGE: 20200130
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Switter Edward S
CENTRAL INDEX KEY: 0001518975
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01657
FILM NUMBER: 20562634
MAIL ADDRESS:
STREET 1: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
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_158042530026635.xml
FORM 4
X0306
4
2020-01-28
0
0000025445
CRANE CO /DE/
CR
0001518975
Switter Edward S
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902-6784
0
1
0
0
V.P. Treasury & Tax
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-28
4
M
0
113
0
A
23710
D
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-28
4
F
0
42
85.39
D
23668
D
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-29
4
M
0
96
0
A
23764
D
CRANE CO. COMMON, PAR VALUE $1.00
2020-01-29
4
F
0
35
86.54
D
23729
D
Restricted Share Unit
2020-01-28
4
M
0
113
0
D
CRANE CO. COMMON, PAR VALUE $1.00
113.0
1316
D
Restricted Share Unit
2020-01-29
4
M
0
96
0
D
CRANE CO. COMMON, PAR VALUE $1.00
96.0
1220
D
On January 28, 2020, 113 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 42 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 71 shares of Crane Co. Common Stock.
On January 29, 2020, 96 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 35 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 61 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 28, 2019), 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 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 29, 2018), 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, Anthony M. D'Iorio
2020-01-30