Crane NXT, Co. — Director's Dealing 2014

Apr 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2014-04-23

Reporting Person: Tavares Robert (Group President, Electronics)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-23	CRANE CO. COMMON, PAR VALUE $1.00	M	750.0000	$0.0000	Acquired	1389.0000	Direct
2014-04-23	CRANE CO. COMMON, PAR VALUE $1.00	F	322.0000	$71.3300	Disposed	1067.0000	Direct
2014-04-23	CRANE CO. COMMON, PAR VALUE $1.00	J	241.0000	—	Acquired	424.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-23	Restricted Share Unit	$	M	750.0000	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (750.0000)	Direct

Footnotes

F1: On April 23, 2014, 750 Restricted Share Units, which represent the right to receive one share of Crane Co. Common Stock, previously reported as beneficially owned by the reporting person, vested due to the passage of time, and 322 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 428 shares of Crane Co. Common Stock.

F2: Between January 1, 2013 and March 31, 2014, Mr. Tavares acquired an aggregate of 241 shares of common stock at prevailing market prices through the issuer's 401(K) plan.

F3: 25% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company.

F4: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.