0001225208-14-002795.txt : 20140129 0001225208-14-002795.hdr.sgml : 20140129 20140129202520 ACCESSION NUMBER: 0001225208-14-002795 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: Pinkham Louis V. CENTRAL INDEX KEY: 0001560596 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01657 FILM NUMBER: 14558395 MAIL ADDRESS: STREET 1: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 4 1 doc4.xml X0306 4 2014-01-27 0000025445 CRANE CO /DE/ CR 0001560596 Pinkham Louis V. 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 1 Group Pres., Fluid Handling CRANE CO. COMMON, PAR VALUE $1.00 2014-01-28 4 M 0 463.0000 0.0000 A 2311.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2014-01-28 4 F 0 203.0000 66.4800 D 2108.0000 D CRANE CO. COMMON, PAR VALUE $1.00 37.0000 I 401(K) 2014 Performance-Based Restricted Share Unit 2014-01-27 4 A 0 5150.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 5150.0000 5150.0000 D Employee Stock Option (Right to Buy) 64.7800 2014-01-27 4 A 0 17542.0000 0.0000 A 2024-01-27 CRANE CO. COMMON, PAR VALUE $1.00 17542.0000 17542.0000 D Restricted Share Unit 2014-01-27 4 A 0 1459.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 1459.0000 12311.0000 D Restricted Share Unit 2014-01-28 4 M 0 463.0000 0.0000 D CRANE CO. COMMON, PAR VALUE $1.00 463.0000 11848.0000 D 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 203 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 260 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 2 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