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: Lavish James A. (VP, CBS, People & Performance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	M	344	—	Acquired	9221	Direct
2017-01-25	CRANE CO. COMMON, PAR VALUE $1.00	F	135	$75.25	Disposed	9086	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	193	—	Acquired	9279	Direct
2017-01-26	CRANE CO. COMMON, PAR VALUE $1.00	F	76	$74.60	Disposed	9203	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-25	Restricted Share Unit	$	M	344	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (344.0)	Direct
2017-01-26	Restricted Share Unit	$	M	193	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (193.0)	Direct

Footnotes

F1: On January 25, 2017, 344 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 135 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 209 shares of Crane Co. Common Stock.

F2: On January 26, 2017, 193 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 76 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 117 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.