-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U3r69j8TMK0f6MSujuGXOPc5XYDD1bktm20/YYMsSdykIanHdMvEWLGCfexToN3x I2tSmJfaHkFmSGrFFc/KaQ== 0001225208-11-007179.txt : 20110224 0001225208-11-007179.hdr.sgml : 20110224 20110224170614 ACCESSION NUMBER: 0001225208-11-007179 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110222 FILED AS OF DATE: 20110224 DATE AS OF CHANGE: 20110224 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FAST ERIC C CENTRAL INDEX KEY: 0001187925 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01657 FILM NUMBER: 11637278 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 doc4.xml X0303 4 2011-02-22 0000025445 CRANE CO /DE/ CR 0001187925 FAST ERIC C 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 1 1 President & CEO CRANE CO. COMMON, PAR VALUE $1.00 2011-02-22 4 M 0 25000.0000 23.2300 A 190904.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2011-02-22 4 M 0 10000.0000 0.0000 A 200904.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2011-02-22 4 F 0 4145.0000 47.1400 D 196759.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2011-02-22 4 F 0 17576.0000 47.1400 D 179183.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2863.0000 I 401(K) CRANE CO. COMMON, PAR VALUE $1.00 223152.0000 I By GRAT CRANE CO. COMMON, PAR VALUE $1.00 53637.0000 I Fast Family Trust Employee Stock Option (Right to Buy) 23.2300 2011-02-22 4 M 0 25000.0000 0.0000 D 2012-01-28 CRANE CO. COMMON, PAR VALUE $1.00 25000.0000 75000.0000 D Restricted Stock Units 2011-02-22 4 M 0 10000.0000 0.0000 D CRANE CO. COMMON, PAR VALUE $1.00 10000.0000 129600.0000 D Mr. Fast exercised 25,000 stock options priced at $23.23, at a market price of $47.14. The resulting after-tax gain was taken in the form of 7,424 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's position by that amount, to 173,328 shares. Mr. Fast tendered 12,320 shares of previously owned stock to pay the exercise price of the options, and 5,256 of the option shares were withheld to pay taxes on the resulting gain. On February 22, 2011, 10,000 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 4,145 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 5,855 shares of Crane Co. Common Stock. The option vested 50% one year, 75% two years, and 100% three years after the date of grant (01/28/2002). 25% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, 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. Attorney In Fact, Christopher Dee 2011-02-24 -----END PRIVACY-ENHANCED MESSAGE-----