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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $ 50.03 | 08/16/2016 | M | 2,500 (2) | (4) | 01/23/2018 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,500 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 58.47 | 08/16/2016 | M | 2,662 (1) | (5) | 01/26/2025 | CRANE CO. COMMON, PAR VALUE $1.00 | 2,662 | $ 0 | 7,987 | D | ||||
Employee Stock Option (Right to Buy) | $ 48.59 | 08/16/2016 | M | 1,300 (3) | (6) | 01/28/2019 | CRANE CO. COMMON, PAR VALUE $1.00 | 1,300 | $ 0 | 1,300 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lavish James A. 100 FIRST STAMFORD PLACE STAMFORD, CT 06902-6784 |
VP, CBS, People & Performance |
Attorney In Fact, Alishba Kassim | 02/07/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Mr. Lavish exercised 2,662 stock options, priced at $58.47 and due to expire January 2025, at a market price of $64.30. The resulting after tax gain was taken in the form of 159 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 2,421 shares of previously owned stock to pay the exercise price of the options, and 82 shares were withheld to pay taxes on the resulting gain. |
(2) | Mr. Lavish exercised 2,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $64.30. The resulting after tax gain was taken in the form of 367 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 1,946 shares of previously owned stock to pay the exercise price of the options, and 187 shares were withheld to pay taxes on the resulting gain. |
(3) | Mr. Lavish exercised 1,300 stock options, priced at $48.59 and due to expire January 2019, at a market price of $64.30. The resulting after tax gain was taken in the form of 210 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 983 shares of previously owned stock to pay the exercise price of the options, and 107 shares were withheld to pay taxes on the resulting gain. |
(4) | 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) |
(5) | The remaining 50% will vest on the third and fourth anniversary of the grant date (01/26/2015). |
(6) | The remaining 25% will vest on the fourth anniversary of the grant date (1/28/2013). |
Remarks: This form is being amended to correct a clerical error in reporting an exercise of an Employee Stock Option on August 16, 2016. 2662 Options were exercised and not 2622 as previously reported. |