Crane NXT, Co. — Director's Dealing 2017

Jan 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2017-01-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	M	198	—	Acquired	15294	Direct
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	F	78	$75.25	Disposed	15216	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	148	—	Acquired	15364	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	F	58	$74.60	Disposed	15306	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-25	Restricted Share Unit	$	M	198	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (198.0)	Direct
2017-01-26	Restricted Share Unit	$	M	148	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (148.0)	Direct

Footnotes

F1: On January 25, 2017, 198 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 78 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 120 shares of Crane Co. Common Stock.

F2: On January 26, 2017, 148 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 58 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 90 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 25, 2016), 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 26, 2015), 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.