0001225208-12-005830.txt : 20120228 0001225208-12-005830.hdr.sgml : 20120228 20120228174343 ACCESSION NUMBER: 0001225208-12-005830 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120224 FILED AS OF DATE: 20120228 DATE AS OF CHANGE: 20120228 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: 12649068 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 X0304 4 2012-02-24 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 2012-02-24 4 M 0 67500.0000 16.4300 A 257800.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2012-02-24 4 F 0 41797.0000 49.4100 D 216003.0000 D CRANE CO. COMMON, PAR VALUE $1.00 3070.0000 I 401(K) CRANE CO. COMMON, PAR VALUE $1.00 177012.0000 I By GRAT CRANE CO. COMMON, PAR VALUE $1.00 100932.0000 I Fast Family Trust Employee Stock Option (Right to Buy) 16.4300 2012-02-24 4 M 0 67500.0000 0.0000 D 2015-01-26 CRANE CO. COMMON, PAR VALUE $1.00 67500.0000 32500.0000 D Mr. Fast exercised 67,500 stock options priced at $16.43, at a market price of $49.41. The resulting after-tax gain was taken in the form of 25,703 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 216,003 shares. Mr. Fast tendered 22,446 shares of previously owned stock to pay the exercise price of the options, and 19,351 shares were withheld to pay taxes on the resulting gain. This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/26/2009). After this transaction, Mr. Fast's total beneficial holdings of Crane Co. stock, including Restricted Share Units, are 579,217 shares. Attorney In Fact, Christopher Dee 2012-02-28