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Crane Group Head Exercises Options



By AP
11 February 2008 @ 02:10 pm EST

NEW YORK - The president of the aerospace group of diversified manufacturer Crane Co. exercised options for 11,385 shares of common stock, according to a Securities and Exchange Commission filing Friday.

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In a Form 4 filed with the SEC, Greg A. Ward reported on Wednesday and Thursday for $33.54 apiece and then sold the same number of shares on the same days for $41.50 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Crane is based in Stamford, Conn.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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