0001225208-13-002616.txt : 20130131 0001225208-13-002616.hdr.sgml : 20130131 20130131170230 ACCESSION NUMBER: 0001225208-13-002616 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130126 FILED AS OF DATE: 20130131 DATE AS OF CHANGE: 20130131 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Switter Edward S CENTRAL INDEX KEY: 0001518975 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01657 FILM NUMBER: 13563375 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 X0306 4 2013-01-26 0000025445 CRANE CO /DE/ CR 0001518975 Switter Edward S 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 1 Vice President - Taxes CRANE CO. COMMON, PAR VALUE $1.00 2013-01-26 4 M 0 250.0000 0.0000 A 4487.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2013-01-26 4 F 0 98.0000 48.5900 D 4389.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2013-01-28 5 J 0 6.0000 0.0000 A 920.0000 I 401(K) Restricted Share Unit 2013-01-26 4 M 0 250.0000 0.0000 D CRANE CO. COMMON, PAR VALUE $1.00 250.0000 1075.0000 D 2013 Performance-Based Restricted Share Unit 2013-01-28 4 A 0 2384.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 2384.0000 2384.0000 D Employee Stock Option (Right to Buy) 48.5900 2013-01-28 4 A 0 6654.0000 0.0000 A 2019-01-28 CRANE CO. COMMON, PAR VALUE $1.00 6654.0000 6654.0000 D Restricted Share Unit 2013-01-28 4 A 0 705.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 705.0000 1780.0000 D On January 26, 2013, 250 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 98 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 152 shares of Crane Co. Common Stock. Between November 1, 2012 and December 31, 2012, the reporting person acquired an aggregate of 6 shares of Common Stock at prevailing market prices through the issuer's 401(K) Plan. 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. Each 2013 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, 2013 and ending December 31, 2015. Assuming the performance conditions specified in footnote 5 are met, the Performance-Based RSUs will vest on December 31, 2015, 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. Attorney In Fact, Christopher Dee 2013-01-30