Crane NXT, Co. — Director's Dealing 2014

Sep 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2014-09-23

Reporting Person: Rowe Tazewell S. (Vice President, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-23	CRANE CO. COMMON, PAR VALUE $1.00	M	217.0000	$0.0000	Acquired	217.0000	Direct
2014-09-23	CRANE CO. COMMON, PAR VALUE $1.00	F	84.0000	$65.3800	Disposed	133.0000	Direct
2014-09-23	CRANE CO. COMMON, PAR VALUE $1.00	J	110.0000	$0.0000	Acquired	110.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-23	Restricted Share Unit	$	M	217.0000	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (217.0000)	Direct

Footnotes

F1: On September 23, 2014, 217 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 84 shares were withheld to pay taxes on the resulting gain, resulting in a net increase of 133 shares of Crane Co. Common Stock.

F2: Between September 1, 2013 and September 23, 2014, Mr. Rowe acquired an aggregate of 110 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.