0001225208-11-012478.txt : 20110428
0001225208-11-012478.hdr.sgml : 20110428
20110428165301
ACCESSION NUMBER: 0001225208-11-012478
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110426
FILED AS OF DATE: 20110428
DATE AS OF CHANGE: 20110428
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FAST ERIC C
CENTRAL INDEX KEY: 0001187925
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01657
FILM NUMBER: 11789243
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CRANE CO /DE/
CENTRAL INDEX KEY: 0000025445
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
IRS NUMBER: 131952290
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: CRANE CO.
STREET 2: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
BUSINESS PHONE: 203-363-7300
MAIL ADDRESS:
STREET 1: CRANE CO.
STREET 2: 100 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
4
1
doc4.xml
X0303
4
2011-04-26
0000025445
CRANE CO /DE/
CR
0001187925
FAST ERIC C
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902-6784
1
1
President & CEO
CRANE CO. COMMON, PAR VALUE $1.00
2011-04-26
4
M
0
25000.0000
23.2300
A
120985.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2011-04-26
4
F
0
17183.0000
49.8600
D
103802.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2011-04-27
4
M
0
25000.0000
23.2300
A
128802.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2011-04-27
4
F
0
17170.0000
49.9500
D
111632.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2011-04-26
4
S
0
34234.0000
49.7942
D
279472.0000
I
By GRAT
CRANE CO. COMMON, PAR VALUE $1.00
2011-04-26
4
S
0
12735.0000
49.8231
D
40902.0000
I
Fast Family Trust
CRANE CO. COMMON, PAR VALUE $1.00
2863.0000
I
401(K)
Employee Stock Option (Right to Buy)
23.2300
2011-04-26
4
M
0
25000.0000
0.0000
D
2012-01-28
CRANE CO. COMMON, PAR VALUE $1.00
25000.0000
25000.0000
D
Employee Stock Option (Right to Buy)
23.2300
2011-04-27
4
M
0
25000.0000
0.0000
D
2012-01-28
CRANE CO. COMMON, PAR VALUE $1.00
25000.0000
0.0000
D
Mr. Fast exercised 25,000 stock options priced at $23.23, at a market price of $49.86. The resulting after-tax gain was taken in the form of 7,817 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 103,802 shares. Mr. Fast tendered 11,648 shares of previously owned stock to pay the exercise price of the options, and 5,535 shares were withheld to pay taxes on the resulting gain.
Mr. Fast exercised 25,000 stock options priced at $23.23, at a market price of $49.95. The resulting after-tax gain was taken in the form of 7,830 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 111,632 shares. Mr. Fast tendered 11,627 shares of previously owned stock to pay the exercise price of the options, and 5,543 shares were withheld to pay taxes on the resulting gain.
34,234 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 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 $49.65 to $49.99. 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.
12,735 shares of Crane Co. common stock were sold by the Fast Family 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 $49.72 to $50.02. 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 option vested 50% one year, 75% two years, and 100% three years after the date of grant (01/28/2002).
Attorney In Fact, Christopher Dee
2011-04-28