Amended Statement of Changes in Beneficial Ownership (4/a)
August 09 2018 - 6:43PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
MITCHELL MAX H
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2. Issuer Name
and
Ticker or Trading Symbol
CRANE CO /DE/
[
CR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President and CEO
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(Last)
(First)
(Middle)
100 FIRST STAMFORD PLACE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
7/30/2018
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(Street)
STAMFORD, CT 06902-6784
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
7/31/2018
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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CRANE CO. COMMON, PAR VALUE $1.00
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7/30/2018
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M
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40765
(1)
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A
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$48.59
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200654
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D
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CRANE CO. COMMON, PAR VALUE $1.00
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7/30/2018
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S
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30718
(1)
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D
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$89.1806
(2)
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169936
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D
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CRANE CO. COMMON, PAR VALUE $1.00
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7/30/2018
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J
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41
(3)
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A
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$0
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2669
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I
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401(K)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (Right to Buy)
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$48.59
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7/30/2018
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M
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40765
(1)
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(4)
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1/28/2019
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CRANE CO. COMMON, PAR VALUE $1.00
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40765.0
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$0
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0
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D
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Explanation of Responses:
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(1)
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Mr. Mitchell exercised 40,765 stock options granted on 1/28/2013 and set to expire on 1/28/2019, priced at $48.59 and sold 30,718 shares at a weighted average price of $89.1806, to pay the exercise price of the options and to pay taxes on the resulting gain. After the exercise, Mr. Mitchell's holdings in the issuer's common stock increased by 10,047 shares.
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(2)
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Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $88.18 to $91.15. 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.
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(3)
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Between August 1, 2017 and July 31, 2018, Mr. Mitchell acquired an aggregate of 41 shares of common stock at prevailing market prices through the issuer's 401(K) plan.
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(4)
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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 (01/28/2013).
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Remarks:
Power of Attorney and Confirming Statement are attached.
On July 31, 2018, the Reporting Person reported an exercise of stock options and the sale of underlying shares. Due to a broker execution error, the previously reported transaction was reversed and re-executed. The Form 4 filed by the Reporting Person on July 31, 2018 is hereby amended in its entirety to reflect the terms of the re-executed transactions.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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MITCHELL MAX H
100 FIRST STAMFORD PLACE
STAMFORD, CT 06902-6784
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X
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President and CEO
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Signatures
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Attorney In Fact, Alishba Kassim
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8/9/2018
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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