0001225208-16-037258.txt : 20160801
0001225208-16-037258.hdr.sgml : 20160801
20160801170916
ACCESSION NUMBER: 0001225208-16-037258
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160728
FILED AS OF DATE: 20160801
DATE AS OF CHANGE: 20160801
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: 161798133
MAIL ADDRESS:
STREET 1: CRANE CO
STREET 2: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
4
1
doc4.xml
X0306
4
2016-07-28
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
2016-07-28
4
M
0
40000.0000
43.7200
A
131238.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-07-28
4
M
0
25000.0000
46.5200
A
156238.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-07-28
4
F
0
21791.0000
61.9500
D
134447.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-07-28
4
F
0
33933.0000
61.9500
D
100514.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2549.0000
I
401(K)
Employee Stock Option (Right to Buy)
43.7200
2016-07-28
4
M
0
40000.0000
0.0000
D
2017-01-24
CRANE CO. COMMON, PAR VALUE $1.00
40000.0000
0.0000
D
Employee Stock Option (Right to Buy)
46.5200
2016-07-28
4
M
0
25000.0000
0.0000
D
2017-05-23
CRANE CO. COMMON, PAR VALUE $1.00
25000.0000
0.0000
D
Mr. Mitchell exercised 40,000 stock options, priced at $43.72 and due to expire January 2017, at a market price of $61.95. The resulting after tax gain was taken in the form of 6,067 shares of Crane Co. Stock, resulting in a net increase in Mr. Mitchell's direct holdings by that amount, to 97,305 shares. Mr. Mitchell tendered 28,230 shares of previously owned stock to pay the exercise price of the options, and 5,703 shares were withheld to pay taxes on the resulting gain.
Mr. Mitchell exercised 25,000 stock options, priced at $46.52 and due to expire May 2017, at a market price of $61.95. The resulting after tax gain was taken in the form of 3,209 shares of Crane Co. Stock, resulting in a net increase in Mr. Mitchell's direct holdings by that amount, to 100,514 shares. Mr. Mitchell tendered 18,774 shares of previously owned stock to pay the exercise price of the options, and 3,017 shares were withheld to pay taxes on the resulting gain.
This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/24/2011).
This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (05/23/2011).
Attorney In Fact, Christopher Dee
2016-08-01