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: SALOVAARA KRISTIAN ROBERT (VP, Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	M	430	—	Acquired	5832	Direct
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	F	206	$75.25	Disposed	5626	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	321	—	Acquired	5947	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	F	154	$74.60	Disposed	5793	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-25	Restricted Share Unit	$	M	430	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (430.0)	Direct
2017-01-26	Restricted Share Unit	$	M	321	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (321.0)	Direct

Footnotes

F1: On January 25, 2017, 430 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 206 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 224 shares of Crane Co. Common Stock.

F2: On January 26, 2017, 321 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 154 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 167 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.