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: Baron Curtis A JR (Vice President, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	M	163	—	Acquired	9856	Direct
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	F	72	$75.25	Disposed	9784	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	122	—	Acquired	9906	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	F	54	$74.60	Disposed	9852	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-25	Restricted Share Unit	$	M	163	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (163.0)	Direct
2017-01-26	Restricted Share Unit	$	A	122	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (122.0)	Direct

Footnotes

F1: On January 25, 2017, 163 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 72 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 91 shares of Crane Co. Common Stock.

F2: On January 26, 2017, 122 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 54 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 68 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 termination following 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.