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Mitchell Max H – ‘4’ for 5/13/21 re: Crane Co./DE

On:  Friday, 5/14/21, at 5:08pm ET   ·   For:  5/13/21   ·   Accession #:  25445-21-112   ·   File #:  1-01657

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/14/21  Mitchell Max H                    4                      1:7K   Crane Co./DE                      Crane Co./DE

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      3K 
                Securities by an Insider --                                      
                wf-form4_162102645414768.xml/3.6


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — wf-form4_162102645414768.xml/3.6
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<ownershipDocument>
<schemaVersion> X0306 </schemaVersion>
<documentType> 4 </documentType>
<periodOfReport> 2021-05-13 </periodOfReport>
<notSubjectToSection16> 0 </notSubjectToSection16>
<issuer>
<issuerCik> 0000025445 </issuerCik>
<issuerName> CRANE CO /DE/ </issuerName>
<issuerTradingSymbol> CR </issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001283695 </rptOwnerCik>
<rptOwnerName> MITCHELL MAX H </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 100 FIRST STAMFORD PLACE </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> STAMFORD </rptOwnerCity>
<rptOwnerState> CT </rptOwnerState>
<rptOwnerZipCode> 06902-6784 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 1 </isDirector>
<isOfficer> 1 </isOfficer>
<isTenPercentOwner> 0 </isTenPercentOwner>
<isOther> 0 </isOther>
<officerTitle> President and CEO </officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value> CRANE CO. COMMON, PAR VALUE $1.00 </value>
</securityTitle>
<transactionDate>
<value> 2021-05-13 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> M </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 135903 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 58.47 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 383714 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value> CRANE CO. COMMON, PAR VALUE $1.00 </value>
</securityTitle>
<transactionDate>
<value> 2021-05-13 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> F </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 106018 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 96.15 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> D </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 277696 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeHolding>
<securityTitle>
<value> CRANE CO. COMMON, PAR VALUE $1.00 </value>
</securityTitle>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 2834 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> I </value>
</directOrIndirectOwnership>
<natureOfOwnership>
<value> 401(K) </value>
</natureOfOwnership>
</ownershipNature>
</nonDerivativeHolding>
</nonDerivativeTable>
<derivativeTable>
<derivativeTransaction>
<securityTitle>
<value> Employee Stock Option (Right to Buy) </value>
</securityTitle>
<conversionOrExercisePrice>
<value> 58.47 </value>
</conversionOrExercisePrice>
<transactionDate>
<value> 2021-05-13 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> M </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 135903 </value>
</transactionShares>
<transactionPricePerShare>
<value> 0 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> D </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F2"/>
</exerciseDate>
<expirationDate>
<value> 2025-01-26 </value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value> CRANE CO. COMMON, PAR VALUE $1.00 </value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value> 135903.0 </value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 0 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes>
<footnote id="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. </footnote>
<footnote id="F2"> The options were granted 01/26/2015 with a ten-year term and vested 25% each year over four years. </footnote>
</footnotes>
<remarks></remarks>
<ownerSignature>
<signatureName> Attorney In Fact, Anthony M. D'Iorio </signatureName>
<signatureDate> 2021-05-14 </signatureDate>
</ownerSignature>
</ownershipDocument>


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Filing Submission 0000025445-21-000112   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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