Crane NXT, Co. — Director's Dealing 2018

Jan 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2018-01-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-25	CRANE CO. COMMON, PAR VALUE $1.00	M	198	—	Acquired	17071	Direct
2018-01-25	CRANE CO. COMMON, PAR VALUE $1.00	F	72	$93.85	Disposed	16999	Direct
2018-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	147	—	Acquired	17146	Direct
2018-01-26	CRANE CO. COMMON, PAR VALUE $1.00	F	54	$94.09	Disposed	17092	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-25	Restricted Share Unit	$	M	198	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (198.0)	Direct
2018-01-26	Restricted Share Unit	$	M	147	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (147.0)	Direct

Footnotes

F1: On January 25, 2018, 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 72 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 126 shares of Crane Co. Common Stock.

F2: On January 26, 2018, 147 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 93 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, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after 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, or retires after age 65, or after age 62 with ten years of service; all Restricted Share Units will be converted into shares of Common Stock upon death or permanent disability, or if employment is involuntarily terminated within two years after a change in control of the Company.