0000025445-20-000063.txt : 20200331
0000025445-20-000063.hdr.sgml : 20200331
20200331172314
ACCESSION NUMBER: 0000025445-20-000063
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200330
FILED AS OF DATE: 20200331
DATE AS OF CHANGE: 20200331
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gallo Kurt F.
CENTRAL INDEX KEY: 0001772908
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01657
FILM NUMBER: 20762886
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_158568977739632.xml
FORM 4
X0306
4
2020-03-30
0
0000025445
CRANE CO /DE/
CR
0001772908
Gallo Kurt F.
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902
0
1
0
0
Sr. VP, Payment & Merch. Tech.
CRANE CO. COMMON, PAR VALUE $1.00
2020-03-30
4
M
0
591
0
A
2732
D
CRANE CO. COMMON, PAR VALUE $1.00
2020-03-30
4
F
0
163
49.60
D
2569
D
Restricted Share Unit
2020-03-30
4
M
0
591
0
D
CRANE CO. COMMON, PAR VALUE $1.00
591.0
4132
D
On March 29, 2020, 591 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 163 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 428 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 (March 29, 2019), 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.
Attorney In Fact, Anthony M. D'Iorio
2020-03-31