Crane NXT, Co. — Director's Dealing 2016

Aug 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2016-08-19

Reporting Person: ELLIS BRADLEY (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-19	CRANE CO. COMMON, PAR VALUE $1.00	M	13500.0000	$50.0300	Acquired	167711.0000	Direct
2016-08-19	CRANE CO. COMMON, PAR VALUE $1.00	S	10000.0000	$65.1397	Disposed	157711.0000	Direct
2016-08-19	CRANE CO. COMMON, PAR VALUE $1.00	F	11866.0000	$65.1900	Disposed	145845.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-19	Employee Stock Option (Right to Buy)	$50.0300	M	13500.0000	Disposed	2018-01-23	CRANE CO. COMMON, PAR VALUE $1.00 (13500.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	6814.0000	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	2774.0000	Indirect

Footnotes

F1: Mr. Ellis exercised 13,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $65.19. The resulting after tax gain was taken in the form of 1,634 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 10,361 shares of previously owned stock to pay the exercise price of the options, and 1,505 shares were withheld to pay taxes on the resulting gain.

F2: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $65.03 to $65.22. 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.

F3: 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 (01/23/2012).