Crane NXT, Co. — Director's Dealing 2019

Jan 31, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2019-01-29

Reporting Person: SALOVAARA KRISTIAN ROBERT (VP, Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-29	CRANE CO. COMMON, PAR VALUE $1.00	M	200	—	Acquired	25557	Direct
2019-01-29	CRANE CO. COMMON, PAR VALUE $1.00	F	68	$82.82	Disposed	25489	Direct
2019-01-30	CRANE CO. COMMON, PAR VALUE $1.00	M	254	—	Acquired	25743	Direct
2019-01-30	CRANE CO. COMMON, PAR VALUE $1.00	F	87	$83.12	Disposed	25656	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-29	Restricted Share Unit	$	M	200	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (200.0)	Direct
2019-01-30	Restricted Share Unit	$	M	254	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (254.0)	Direct

Footnotes

F1: On January 29, 2019, 200 Restricted Share Units, each of 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 68 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 132 shares of Crane Co. Common Stock.

F2: On January 30, 2019, 254 Restricted Share Units, each of 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 87 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 29, 2018), 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 resigns, or employment is terminated, 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 30, 2017), 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.