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