Crane NXT, Co. — Director's Dealing 2017

Jan 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2017-01-27

Reporting Person: Switter Edward S (V.P. Treasury & Tax)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-27	CRANE CO. COMMON, PAR VALUE $1.00	M	132	—	Acquired	15438	Direct
2017-01-27	CRANE CO. COMMON, PAR VALUE $1.00	F	52	$74.35	Disposed	15386	Direct
2017-01-30	CRANE CO. COMMON, PAR VALUE $1.00	M	177	—	Acquired	15563	Direct
2017-01-30	CRANE CO. COMMON, PAR VALUE $1.00	F	70	$73.90	Disposed	15493	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-27	Restricted Share Unit	$	M	132	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (132.0)	Direct
2017-01-30	Restricted Share Unit	$	M	177	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (177.0)	Direct

Footnotes

F1: On January 27, 2017, 132 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 52 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 80 shares of Crane Co. Common Stock.

F2: On January 30, 2017, 177 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 70 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 107 shares of Crane Co. Common Stock.

F3: 25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 27, 2014), 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.

F5: 25% of the Restricted Share Units granted will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date (January 30, 2013), 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.