Crane NXT, Co. — Director's Dealing 2021

May 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2021-05-13

Reporting Person: MITCHELL MAX H (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-13	CRANE CO. COMMON, PAR VALUE $1.00	M	135903	$58.47	Acquired	383714	Direct
2021-05-13	CRANE CO. COMMON, PAR VALUE $1.00	F	106018	$96.15	Disposed	277696	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-13	Employee Stock Option (Right to Buy)	$58.47	M	135903	Disposed	2025-01-26	CRANE CO. COMMON, PAR VALUE $1.00 (135903.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2834	Indirect

Footnotes

F1: Mr. Mitchell exercised 135,903 stock options, priced at $58.47 and due to expire 01/26/2025, at a market price of $96.15. The resulting after-tax gain was taken in the form of 29,885 shares of Crane Co. Common Stock, resulting in a net increase in Mr. Mitchell's direct holding by that amount, to 277,696 shares. Mr. Mitchell tendered 82,645 shares of previously owned stock to pay the exercise price of the option, and 23,373 shares were withheld to pay taxes on the resulting gain.

F2: The options were granted 01/26/2015 with a ten-year term and vested 25% each year over four years.