0001225208-12-010129.txt : 20120424
0001225208-12-010129.hdr.sgml : 20120424
20120424175631
ACCESSION NUMBER: 0001225208-12-010129
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120423
FILED AS OF DATE: 20120424
DATE AS OF CHANGE: 20120424
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tavares Robert
CENTRAL INDEX KEY: 0001544086
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01657
FILM NUMBER: 12777053
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
doc4.xml
X0305
4
2012-04-23
0000025445
CRANE CO /DE/
CR
0001544086
Tavares Robert
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902-6784
1
President, Electronics Group
2012 Performance-Based Restricted Share Unit
2012-04-23
4
A
0
4195.0000
0.0000
A
CRANE CO. COMMON, PAR VALUE $1.00
4195.0000
4195.0000
D
Employee Stock Option (Right to Buy)
46.9900
2012-04-23
4
A
0
19189.0000
0.0000
A
2018-04-23
CRANE CO. COMMON, PAR VALUE $1.00
19189.0000
19189.0000
D
Restricted Share Unit
2012-04-23
4
A
0
3000.0000
0.0000
A
CRANE CO. COMMON, PAR VALUE $1.00
3000.0000
3000.0000
D
Each 2012 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2012 and ending December 31, 2014.
Assuming the performance conditions specified in footnote 1 are met, the 2012 Performance-Based RSUs will vest on December 31, 2014, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company.
Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary, and 100% on the fourth anniversary of the date of grant.
Each Restricted Share Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or in the event of a change in control of the Company.
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
2012-04-24