Form Type: 4

SEC EDGAR Link
Accession Number:0000025445-21-000138
Date:2021-08-12
Issuer: CRANE CO /DE/ (CR)
Original Submission Date:

Reporting Person:

MAUE RICHARD A
100 FIRST STAMFORD PLACE
STAMFORD, CT 06902-6784

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CRANE CO. COMMON, PAR VALUE $1.00 2021-08-12 M 18,099 a $64.78 99,359 direct
CRANE CO. COMMON, PAR VALUE $1.00 2021-08-12 F 14,432 d $104.09 84,927 direct
CRANE CO. COMMON, PAR VALUE $1.00 2021-08-12 0 $0.00 1,707 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 64.78 2021-08-12 deemed execution date M 18,099 (d) 2024-01-27 crane co. common, par value $1.00 18,099 $64.78 0 direct
Footnotes
IDfootnote
f1 mr. maue exercised 18,099 stock options, priced at $64.78 and due to expire 01/27/2024, at a market price of $104.09. the resulting after-tax gain was taken in the form of 3,667 shares of crane co. common stock, resulting in a net increase in mr. maue's direct holding by that amount, to 84,927 shares. mr. maue tendered 11,264 shares of previously owned stock to pay the exercise price of the option, and 3,168 shares were withheld to pay taxes on the resulting gain.
f2 includes 4 shares stock acquired through the company's dividend reinvestment plan.
f3 between april 1, 2021, and july 31, 2021, the reporting person acquired 8 shares of the company's stock through the company's 401(k) plan.
f4 the options were granted 1/27/2014 with a ten-year term and vested 25% each year over four years.

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