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