0001225208-16-038115.txt : 20160818
0001225208-16-038115.hdr.sgml : 20160818
20160818172445
ACCESSION NUMBER: 0001225208-16-038115
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160816
FILED AS OF DATE: 20160818
DATE AS OF CHANGE: 20160818
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: Lavish James A.
CENTRAL INDEX KEY: 0001664570
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01657
FILM NUMBER: 161841572
MAIL ADDRESS:
STREET 1: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
4
1
doc4.xml
X0306
4
2016-08-16
0000025445
CRANE CO /DE/
CR
0001664570
Lavish James A.
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902-6784
1
VP, CBS, People & Performance
CRANE CO. COMMON, PAR VALUE $1.00
2016-08-16
4
M
0
2662.0000
58.4700
A
10658.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-08-16
4
M
0
2500.0000
50.0300
A
13158.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-08-16
4
M
0
1300.0000
48.5900
A
14458.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-08-16
4
F
0
1090.0000
64.3000
D
13368.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-08-16
4
F
0
2133.0000
64.3000
D
11235.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2016-08-16
4
F
0
2503.0000
64.3000
D
8732.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
37.0000
I
401(K)
CRANE CO. COMMON, PAR VALUE $1.00
1295.0000
I
DRP
Employee Stock Option (Right to Buy)
50.0300
2016-08-16
4
M
0
2500.0000
0.0000
D
2018-01-23
CRANE CO. COMMON, PAR VALUE $1.00
2500.0000
0.0000
D
Employee Stock Option (Right to Buy)
58.4700
2016-08-16
4
M
0
2622.0000
0.0000
D
2025-01-26
CRANE CO. COMMON, PAR VALUE $1.00
2622.0000
8027.0000
D
Employee Stock Option (Right to Buy)
48.5900
2016-08-16
4
M
0
1300.0000
0.0000
D
2019-01-28
CRANE CO. COMMON, PAR VALUE $1.00
1300.0000
1300.0000
D
Mr. Lavish exercised 2,662 stock options, priced at $58.47 and due to expire January 2025, at a market price of $64.30. The resulting after tax gain was taken in the form of 159 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 2,421 shares of previously owned stock to pay the exercise price of the options, and 82 shares were withheld to pay taxes on the resulting gain.
Mr. Lavish exercised 2,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $64.30. The resulting after tax gain was taken in the form of 367 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 1,946 shares of previously owned stock to pay the exercise price of the options, and 187 shares were withheld to pay taxes on the resulting gain.
Mr. Lavish exercised 1,300 stock options, priced at $48.59 and due to expire January 2019, at a market price of $64.30. The resulting after tax gain was taken in the form of 210 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 983 shares of previously owned stock to pay the exercise price of the options, and 107 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 (01/23/2012)
The remaining 50% will vest on the third and fourth anniversary of the grant date (01/26/2015).
The remaining 25% will vest on the fourth anniversary of the grant date (1/28/2013).
Attorney In Fact, Christopher Dee
2016-08-18