Crane NXT, Co. — Director's Dealing 2020

Jan 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2020-01-28

Reporting Person: D'Iorio Anthony M. (V.P., Gen. Couns. & Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-28	CRANE CO. COMMON, PAR VALUE $1.00	M	284	—	Acquired	7398	Direct
2020-01-28	CRANE CO. COMMON, PAR VALUE $1.00	F	113	$85.39	Disposed	7285	Direct
2020-01-29	CRANE CO. COMMON, PAR VALUE $1.00	M	201	—	Acquired	7486	Direct
2020-01-29	CRANE CO. COMMON, PAR VALUE $1.00	F	80	$86.54	Disposed	7406	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-28	Restricted Share Unit	$	M	284	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (284.0)	Direct
2020-01-29	Restricted Share Unit	$	M	201	Disposed		CRANE CO. COMMON, PAR VALUE $1.00 (201.0)	Direct

Footnotes

F1: On January 28, 2020, 284 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 113 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 171 shares of Crane Co. Common Stock.

F2: On January 29, 2020, 201 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 80 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 121 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 28, 2019), 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 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 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.