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