Filing Details

Accession Number:
0001225208-16-038280
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-08-23 16:49:20
Reporting Period:
2016-08-19
Filing Date:
2016-08-23
Accepted Time:
2016-08-23 16:49:20
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
1230095 Bradley Ellis 100 First Stamford Place
Stamford CT 06902-6784
Senior Vice President No 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 2016-08-19 13,500 $50.03 167,711 No 4 M Direct
Crane Co. Common, Par Value $1.00 Disposition 2016-08-19 10,000 $65.14 157,711 No 4 S Direct
Crane Co. Common, Par Value $1.00 Disposition 2016-08-19 11,866 $65.19 145,845 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 F Direct
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 2016-08-19 13,500 $0.00 13,500 $50.03
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2018-01-23 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Crane Co. Common, Par Value $1.00 6,814 Indirect 401(K)
Crane Co. Common, Par Value $1.00 2,774 Indirect DRP
Footnotes
  1. Mr. Ellis exercised 13,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $65.19. The resulting after tax gain was taken in the form of 1,634 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 10,361 shares of previously owned stock to pay the exercise price of the options, and 1,505 shares were withheld to pay taxes on the resulting gain.
  2. Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $65.03 to $65.22. 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.
  3. 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).