Crane NXT, Co. — Director's Dealing 2017

Aug 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2017-08-24

Reporting Person: MITCHELL MAX H (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-24	CRANE CO. COMMON, PAR VALUE $1.00	M	50000	$50.03	Acquired	169938	Direct
2017-08-24	CRANE CO. COMMON, PAR VALUE $1.00	F	41885	$73.02	Disposed	128053	Direct
2017-08-24	CRANE CO. COMMON, PAR VALUE $1.00	A	23	—	Acquired	2628	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-24	Employee Stock Option (Right to Buy)	$50.03	M	50000	Disposed	2018-01-23	CRANE CO. COMMON, PAR VALUE $1.00 (50000.0)	Direct

Footnotes

F1: Mr. Mitchell exercised 50,000 stock options, priced at $50.03 and due to expire January 2018, at a market price of $73.02. The resulting after-tax gain was taken in the form of 8,115 shares of Crane Co. Common Stock, resulting in a net increase in Mr. Mitchell's direct holdings by that amount, to 128,053 shares. Mr. Mitchell tendered 34,258 shares of previously owned stock to pay the exercise price of the option, and 7,627 shares were withheld to pay taxes on the resulting gain.

F2: Between January 1, 2017 and July 31, 2017, Mr. Mitchell acquired an aggregate of 23 shares of common stock at prevailing market prices through the issuer's 401(K) plan.

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).