0001225208-16-024886.txt : 20160128 0001225208-16-024886.hdr.sgml : 20160128 20160128100508 ACCESSION NUMBER: 0001225208-16-024886 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160125 FILED AS OF DATE: 20160128 DATE AS OF CHANGE: 20160128 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: MITCHELL MAX H CENTRAL INDEX KEY: 0001283695 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01657 FILM NUMBER: 161366948 MAIL ADDRESS: STREET 1: CRANE CO STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 4 1 doc4.xml X0306 4 2016-01-25 0000025445 CRANE CO /DE/ CR 0001283695 MITCHELL MAX H 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 1 1 President and CEO CRANE CO. COMMON, PAR VALUE $1.00 2016-01-25 4 M 0 12633.0000 0.0000 A 88886.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2016-01-25 4 F 0 4362.0000 43.5700 D 84524.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2502.0000 I 401(K) 2013 Performance-Based Restricted Share Unit 2016-01-25 4 M 0 14605.0000 0.0000 D CRANE CO. COMMON, PAR VALUE $1.00 14605.0000 0.0000 D 2016 Performance-Based Restricted Share Unit 2016-01-25 4 A 0 44701.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 44701.0000 44701.0000 D Employee Stock Option (Right to Buy) 43.5700 2016-01-25 4 A 0 217791.0000 0.0000 A 2026-01-25 CRANE CO. COMMON, PAR VALUE $1.00 217791.0000 217791.0000 D Each 2013 Performance-Based RSU granted in January 2013 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, 2013 and ending December 31, 2015. On January 25, 2016, each Performance-Based RSU was converted to the right to receive 0.865 shares of Common Stock. 14,605 Performance-Based RSUs granted in January 2013 were converted on January 25, 2016 into the right to receive 12,633 shares of Common Stock, and 4,362 shares were surrendered to pay taxes on the resulting gain. Each 2016 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 2.00, 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, 2016 and ending December 31, 2018. 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. Attorney In Fact, Christopher Dee 2016-01-27