KRAWITT ANDREW L 4
4 · CRANE CO /DE/ · Filed May 29, 2013
Insider Transaction Report
Form 4
KRAWITT ANDREW L
Vice President, Treasurer
Transactions
- Exercise/Conversion
Restricted Share Unit
2013-05-24−500→ 1,750 total→ CRANE CO. COMMON, PAR VALUE $1.00 (500 underlying) - Tax Payment
CRANE CO. COMMON, PAR VALUE $1.00
2013-05-24$59.37/sh−265$15,733→ 11,097 total - Exercise/Conversion
CRANE CO. COMMON, PAR VALUE $1.00
2013-05-24+500→ 11,362 total
Holdings
- 5,185(indirect: By 401(k))
CRANE CO. COMMON, PAR VALUE $1.00
Footnotes (3)
- [F1]On May 24, 2013, 500 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 265 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 235 shares of Crane Co. Common Stock.
- [F2]25% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of 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.