Crane NXT, Co. — Director's Dealing 2019

Feb 7, 2019

SEC Form 4/A — Form 4/A

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2016-08-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-16	CRANE CO. COMMON, PAR VALUE $1.00	M	2662	$58.47	Acquired	10658	Direct
2016-08-16	CRANE CO. COMMON, PAR VALUE $1.00	M	2500	$50.03	Acquired	13158	Direct
2016-08-16	CRANE CO. COMMON, PAR VALUE $1.00	M	1300	$48.59	Acquired	14458	Direct
2016-08-16	CRANE CO. COMMON, PAR VALUE $1.00	F	1090	$64.30	Disposed	13368	Direct
2016-08-16	CRANE CO. COMMON, PAR VALUE $1.00	F	2133	$64.30	Disposed	11235	Direct
2016-08-16	CRANE CO. COMMON, PAR VALUE $1.00	F	2503	$64.30	Disposed	8732	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-16	Employee Stock Option (Right to Buy)	$50.03	M	2500	Disposed	2018-01-23	CRANE CO. COMMON, PAR VALUE $1.00 (2500.0)	Direct
2016-08-16	Employee Stock Option (Right to Buy)	$58.47	M	2662	Disposed	2025-01-26	CRANE CO. COMMON, PAR VALUE $1.00 (2662.0)	Direct
2016-08-16	Employee Stock Option (Right to Buy)	$48.59	M	1300	Disposed	2019-01-28	CRANE CO. COMMON, PAR VALUE $1.00 (1300.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	37	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	1295	Indirect

Footnotes

F1: Mr. Lavish exercised 2,662 stock options, priced at $58.47 and due to expire January 2025, at a market price of $64.30. The resulting after tax gain was taken in the form of 159 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 2,421 shares of previously owned stock to pay the exercise price of the options, and 82 shares were withheld to pay taxes on the resulting gain.

F2: Mr. Lavish exercised 2,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $64.30. The resulting after tax gain was taken in the form of 367 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 1,946 shares of previously owned stock to pay the exercise price of the options, and 187 shares were withheld to pay taxes on the resulting gain.

F3: Mr. Lavish exercised 1,300 stock options, priced at $48.59 and due to expire January 2019, at a market price of $64.30. The resulting after tax gain was taken in the form of 210 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 983 shares of previously owned stock to pay the exercise price of the options, and 107 shares were withheld to pay taxes on the resulting gain.

F4: This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/23/2012)

F5: The remaining 50% will vest on the third and fourth anniversary of the grant date (01/26/2015).

F6: The remaining 25% will vest on the fourth anniversary of the grant date (1/28/2013).