Crane NXT, Co. — Director's Dealing 2020

Aug 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2020-08-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-26	CRANE CO. COMMON, PAR VALUE $1.00	M	26840	$43.57	Acquired	54437	Direct
2020-08-26	CRANE CO. COMMON, PAR VALUE $1.00	S	22575	$57.8078	Disposed	31862	Direct
2020-08-26	CRANE CO. COMMON, PAR VALUE $1.00	A	17	—	Acquired	456	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-26	Employee Stock Option (Right to Buy)	$43.57	M	26840	Disposed	2026-01-25	CRANE CO. COMMON, PAR VALUE $1.00 (26840.0)	Direct

Footnotes

F1: Mr. Salovaara exercised 26,840 stock options granted 01/25/2016 and set to expire 1/25/2026 priced at $43.57 and sold 22,575 at a weighted average price of $57.8078.

F2: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $57.65 to $58.06. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: Between January 1, 2019 and August 25, 2020, Mr. Salovaara acquired an aggregate of 17 shares of common stock at prevailing market prices through the issuer's 401(K) plan.

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 (01/25/2016).