0001225208-14-002792.txt : 20140129 0001225208-14-002792.hdr.sgml : 20140129 20140129202515 ACCESSION NUMBER: 0001225208-14-002792 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140127 FILED AS OF DATE: 20140129 DATE AS OF CHANGE: 20140129 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Maue Richard A CENTRAL INDEX KEY: 0001331850 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01657 FILM NUMBER: 14558392 MAIL ADDRESS: STREET 1: C/O PAXAR CORPORATION STREET 2: 105 CORPORATE PARK DRIVE CITY: WHITE PLAINS STATE: NY ZIP: 10604 4 1 doc4.xml X0306 4 2014-01-27 0000025445 CRANE CO /DE/ CR 0001331850 Maue Richard A 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 1 V.P. Finance & CFO CRANE CO. COMMON, PAR VALUE $1.00 2014-01-27 4 M 0 4752.0000 0.0000 A 15829.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2014-01-28 4 M 0 463.0000 0.0000 A 16292.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2014-01-28 4 F 0 180.0000 66.4800 D 16112.0000 D CRANE CO. COMMON, PAR VALUE $1.00 1218.0000 I 401(K) 2014 Performance-Based Restricted Share Unit 2014-01-27 4 A 0 5314.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 5314.0000 5314.0000 D Employee Stock Option (Right to Buy) 64.7800 2014-01-27 4 A 0 18099.0000 0.0000 A 2024-01-27 CRANE CO. COMMON, PAR VALUE $1.00 18099.0000 18099.0000 D Performance-Based Restricted Share Unit 2014-01-27 4 M 0 3300.0000 0.0000 D CRANE CO. COMMON, PAR VALUE $1.00 3300.0000 0.0000 D Restricted Share Unit 2014-01-27 4 A 0 1505.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 1505.0000 4107.0000 D Restricted Share Unit 2014-01-28 4 M 0 463.0000 0.0000 D CRANE CO. COMMON, PAR VALUE $1.00 463.0000 3644.0000 D Each Performance-Based RSU granted in January 2011 represented a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, to be determined with reference to 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, 2011 and ending December 31, 2013. On January 27, 2014, each Performance-Based RSU was converted to the right to receive 1.44 shares of Common Stock. On January 28, 2014, 463 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 180 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 283 shares of Crane Co. Common Stock. Each 2014 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, 2014 and ending December 31, 2016. Assuming the performance conditions specified in footnote 3 are met, the Performance-Based RSUs will vest on December 31, 2016, 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 2014-01-29