Filing Details
- Accession Number:
- 0001225208-13-010910
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-05-01 17:58:31
- Reporting Period:
- 2013-04-29
- Filing Date:
- 2013-05-01
- Accepted Time:
- 2013-05-01 17:58:31
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 25445 | Crane Co | CR | Miscellaneous Fabricated Metal Products (3490) | 131952290 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1187925 | C Eric Fast | 100 First Stamford Place Stamford CT 06902-6784 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Crane Co. Common, Par Value $1.00 | Acquisiton | 2013-04-29 | 30,000 | $36.46 | 147,079 | No | 4 | M | Direct | |
| Crane Co. Common, Par Value $1.00 | Disposition | 2013-04-29 | 25,045 | $53.65 | 122,034 | No | 4 | F | Direct | |
| Crane Co. Common, Par Value $1.00 | Disposition | 2013-04-30 | 25,578 | $53.72 | 137,547 | No | 4 | S | Indirect | By family trusts |
| Crane Co. Common, Par Value $1.00 | Disposition | 2013-05-01 | 18,757 | $53.68 | 118,790 | No | 4 | S | Indirect | By family trusts |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Indirect | By family trusts |
| No | 4 | S | Indirect | By family trusts |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Crane Co. Common, Par Value $1.00 | Employee Stock Option (Right to Buy) | Disposition | 2013-04-29 | 30,000 | $0.00 | 30,000 | $36.46 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 35,000 | 2014-01-28 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Crane Co. Common, Par Value $1.00 | 3,513 | Indirect | 401(K) |
| Crane Co. Common, Par Value $1.00 | 250,873 | Indirect | By GRAT |
Footnotes
- Mr. Fast exercised 30,000 stock options, priced at $36.46 and due to expire January 2014, at a market price of $53.65. The resulting after-tax gain was taken in the form of 4,955 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 122,034 shares. Mr. Fast tendered 20,388 shares of previously owned stock to pay the exercise price of the options, and 4,657 shares were withheld to pay taxes on the resulting gain.
- 25,578 shares of Craneo Co. common stock were sold by the Fast Family Trust established for the benefit of Mr. Fast's spouse and adult children.
- Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $53.38 to $54.09. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- 18,757 shares of Craneo Co. common stock were sold by the Fast Family Trust established for the benefit of Mr. Fast's spouse and adult children.
- Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $53.15 to $53.88. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- This option was granted 1/28/08 with a six-year term, and vested 25% each year over four years.
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