4//SEC Filing
PANTALEONI A D 4
Accession 0000025445-18-000032
CIK 0000025445other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 6:11 PM ET
Size
9.2 KB
Accession
0000025445-18-000032
Insider Transaction Report
Form 4
PANTALEONI A D
VP Envir. Health & Safety
Transactions
- Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-27+186→ 1,721 total - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2018-01-27$93.40/sh−68$6,351→ 1,653 total - Exercise/Conversion
Restricted Share Unit
2018-01-27−186→ 1,435 total→ CRANE CO. COMMON, PAR VALUE $1.00 (186 underlying)
Footnotes (3)
- [F1]On January 27, 2018, 186 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 68 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 118 shares of Crane Co. Common Stock.
- [F2]25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 27, 2014), provided the recipient remains employed by the Company, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.
- [F3]A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.
Documents
Issuer
CRANE CO /DE/
CIK 0000025445
Entity typeother
Related Parties
1- filerCIK 0001236282
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 6:11 PM ET
- Size
- 9.2 KB