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Crane NXT, Co. — Director's Dealing 2017
Feb 27, 2017
31213_dirs_2017-02-27_cb79d103-8dd7-43e5-a4ba-3253e097e124.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2017-02-24
Reporting Person: Curran Brendan (Group President, Aerospace)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-24 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 8052 | $43.57 | Acquired | 16424 | Direct |
| 2017-02-24 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 8052 | $71.2189 | Disposed | 8372 | Direct |
| 2017-02-24 | CRANE CO. COMMON, PAR VALUE $1.00 | M | 4260 | $58.47 | Acquired | 12632 | Direct |
| 2017-02-24 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 2800 | $71.2189 | Disposed | 9832 | Direct |
| 2017-02-24 | CRANE CO. COMMON, PAR VALUE $1.00 | S | 1780 | $71.18 | Disposed | 8052 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-24 | Employee Stock Option (Right to Buy) | $43.57 | M | 8052 | Disposed | 2026-01-25 | CRANE CO. COMMON, PAR VALUE $1.00 (8052.0) | Direct |
| 2017-02-24 | Employee Stock Option (Right to Buy) | $58.47 | M | 4260 | Disposed | 2025-01-26 | CRANE CO. COMMON, PAR VALUE $1.00 (4260.0) | Direct |
Footnotes
F1: Concurrent sale of shares resulting from an exercise of options granted on 1/25/2016 and expiring on 1/25/2026.
F2: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $70.83 to $71.57. 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: Concurrent sale of shares resulting from an exercise of options granted on 1/26/2015 and expiring on 1/26/2025.
F4: This option vested 25% on the first anniversary of the grant date (01/25/2016). The remaining 75% will vest on the second, third and fourth anniversary of the grant date.
F5: This option vested 25% on the first and 50% on the second anniversary of the grant date (01/26/2015). The remaining 50% will vest on the third and fourth anniversary of the grant date.