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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 3/30/20 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 25445 |
| Issuer Name: CRANE CO /DE/ |
| Issuer Trading Symbol: CR |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1230095 |
| | Owner Name: ELLIS BRADLEY |
| Reporting Owner Address: |
| | Owner Street 1: 100 FIRST STAMFORD PLACE |
| | Owner Street 2: |
| | Owner City: STAMFORD |
| | Owner State: CT |
| | Owner ZIP Code: 06902-6784 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Senior Vice President |
| | Other Text: |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: CRANE CO. COMMON, PAR VALUE $1.00 |
| | Transaction Date: |
| | | Value: 3/30/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 295 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 184,452 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: CRANE CO. COMMON, PAR VALUE $1.00 |
| | Transaction Date: |
| | | Value: 3/30/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 93 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 49.60 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 184,359 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Share Unit |
| | Conversion or Exercise Price: |
| | | Footnote ID: F2 |
| | Transaction Date: |
| | | Value: 3/30/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 295 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: CRANE CO. COMMON, PAR VALUE $1.00 |
| | | Underlying Security Shares: |
| Value: 295.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,588 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: On March 29, 2020, 295 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 93 shares were withheld to pay taxes on the resulting gain, resulting in a net issuance of 202 shares of Crane Co. Common Stock. |
| Footnote - F2: 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 (March 29, 2019), 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. |
| Footnote - F3: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock. |
Remarks: |
Owner Signature: |
| Signature Name: Attorney In Fact, Anthony M. D'Iorio |
| Signature Date: 3/31/20 |