Crane NXT, Co. — Director's Dealing 2014

Dec 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2014-12-09

Reporting Person: Frohning Andrea L. (V.P., Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-09	CRANE CO. COMMON, PAR VALUE $1.00	M	344.0000	$0.0000	Acquired	344.0000	Direct
2014-12-09	CRANE CO. COMMON, PAR VALUE $1.00	F	117.0000	$57.7200	Disposed	227.0000	Direct
2014-12-09	CRANE CO. COMMON, PAR VALUE $1.00	J	48.0000	$0.0000	Acquired	48.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-09	Restricted Share Unit	$	M	344.0000	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (344.0000)	Direct

Footnotes

F1: On December 9, 2014, 344 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 117 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 227 shares of Crane Co. Common Stock.

F2: Between December 1, 2013 and November 30, 2014, Ms. Frohning acquired an aggregate of 48 shares of common stock at prevailing market prices through the issuer's 401(K) Plan.

F3: Each Restricted Share Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or 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.