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