FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CRANE CO /DE/ [ CR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/25/2013 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
CRANE CO. COMMON, PAR VALUE $1.00 | 04/25/2013 | M | 35,000(1) | A | $36.46 | 146,296 | D | |||
CRANE CO. COMMON, PAR VALUE $1.00 | 04/25/2013 | F | 29,217(1) | D | $53.66 | 117,079 | D | |||
CRANE CO. COMMON, PAR VALUE $1.00 | 04/25/2013 | J | V | 168(2) | A | $0(2) | 3,513 | I | 401(K) | |
CRANE CO. COMMON, PAR VALUE $1.00 | 163,125 | I | By family trusts | |||||||
CRANE CO. COMMON, PAR VALUE $1.00 | 250,873 | I | By GRAT |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $36.46 | 04/25/2013 | M | 35,000(1) | (3) | 01/28/2014 | CRANE CO. COMMON, PAR VALUE $1.00 | 35,000 | $0.0000 | 65,000 | D |
Explanation of Responses: |
1. Mr. Fast exercised 35,000 stock options, priced at $36.46 and due to expire January 2014, at a market price of $53.66. The resulting after-tax gain was taken in the form of 5,783 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 117,079 shares. Mr. Fast tendered 23,782 shares of previously owned stock to pay the exercise price of the options, and 5,435 shares were withheld to pay taxes on the resulting gain. |
2. Between January 1, 2013 and March 31, 2013, Mr. Fast acquired an aggregate of 168 shares of common stock at prevailing market prices through the issuer's 401(K) plan. |
3. This option was granted 1/28/08 with a six-year term, and vested 25% each year over four years. |
Remarks: |
After this transaction, Mr. Fast's total beneficial holdings of Crane Co. stock, including Restricted Share Units, are 569,390 shares. |
Christopher Dee, Attorney In Fact | 04/29/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |