Filing Details
- Accession Number:
- 0001225208-10-018046
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-08-02 13:00:00
- Reporting Period:
- 2010-07-29
- Filing Date:
- 2010-08-02
- Accepted Time:
- 2010-08-02 17:13:01
- 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 | President & Ceo | 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 | 2010-07-29 | 86,083 | $26.86 | 200,888 | No | 4 | M | Direct | |
Crane Co. Common, Par Value $1.00 | Disposition | 2010-07-29 | 74,022 | $35.31 | 126,866 | No | 4 | F | Direct | |
Crane Co. Common, Par Value $1.00 | Disposition | 2010-07-29 | 46,405 | $35.19 | 361,924 | No | 4 | S | Indirect | By GRAT |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | F | Direct | |
No | 4 | S | Indirect | By GRAT |
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 | 2010-07-29 | 86,083 | $0.00 | 86,083 | $26.86 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2011-01-24 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Crane Co. Common, Par Value $1.00 | 2,863 | Indirect | 401(K) |
Footnotes
- Mr. Fast exercised 86,083 stock options priced at $26.86, at a market price of $35.31. The resulting after-tax gain was taken in the form of 12,061 shares of Crane Co. stock, resulting in anet increase in Mr. Fast's direct holdings by that amount, to 126,866 shares. Mr Fast tendered 65,483 shares of previously owned stock to the pay the exercise price of the options, and 8,539 shares were withheld to pay taxes on the resulting gain.
- On July 29, 2010, 46,405 shares of Crane Co. common stock were sold by the Eric C. Fast 2009 GRAT No. 1, a grantor retained annuity trust 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 $35.00 to $35.44. 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.
- The options vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/24/2005).