0001225208-13-013015.txt : 20130522
0001225208-13-013015.hdr.sgml : 20130522
20130522180035
ACCESSION NUMBER: 0001225208-13-013015
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130520
FILED AS OF DATE: 20130522
DATE AS OF CHANGE: 20130522
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: 13866002
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
X0306
4
2013-05-20
0000025445
CRANE CO /DE/
CR
0001187925
FAST ERIC C
100 FIRST STAMFORD PLACE
STAMFORD
CT
06902-6784
1
1
Chief Executive Officer
CRANE CO. COMMON, PAR VALUE $1.00
2013-05-20
4
M
0
50000.0000
31.9400
A
195031.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2013-05-20
4
F
0
37892.0000
60.2400
D
157139.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2013-05-21
4
G
0
2000.0000
0.0000
D
155139.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2013-05-21
4
S
0
16309.0000
60.0463
D
138830.0000
D
CRANE CO. COMMON, PAR VALUE $1.00
2013-05-21
4
S
0
31684.0000
60.1437
D
202880.0000
I
By GRAT
CRANE CO. COMMON, PAR VALUE $1.00
3513.0000
I
401(K)
CRANE CO. COMMON, PAR VALUE $1.00
72522.0000
I
By family trusts
Employee Stock Option (Right to Buy)
31.9400
2013-05-20
4
M
0
50000.0000
0.0000
D
2016-01-25
CRANE CO. COMMON, PAR VALUE $1.00
50000.0000
130000.0000
D
Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.
Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 157,139 shares. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.
2,000 shares were transferred to Fidelity Charitable Gift Fund, allocated by the Fund to the Fast Giving Account, and subsequently sold by the Fund.
Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $59.81 to $60.54. 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.
31,684 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 2, 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 $59.82 to $60.40. 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 remaining 25% will vest on the fourth anniversary of the grant date (01/25/2014).
After these transactions, Mr. Fast's total beneficial holdings of Crane Co. stock, including Restricted Share Units, are 452,545.
Attorney In Fact, Christopher Dee
2013-05-22