Sec Form 4/A Filing - Lavish James A. @ CRANE CO /DE/ - 2016-08-16

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Lavish James A.
2. Issuer Name and Ticker or Trading Symbol
CRANE CO /DE/ [ CR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP, CBS, People & Performance
(Last) (First) (Middle)
100 FIRST STAMFORD PLACE
3. Date of Earliest Transaction (MM/DD/YY)
08/16/2016
(Street)
STAMFORD, CT06902-6784
4. If Amendment, Date Original Filed (MM/DD/YY)
08/16/2016
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016 M 2,662 ( 1 ) A $ 58.47 10,658 D
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016 M 2,500 ( 2 ) A $ 50.03 13,158 D
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016 M 1,300 ( 3 ) A $ 48.59 14,458 D
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016 F 1,090 ( 3 ) D $ 64.3 13,368 D
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016 F 2,133 ( 2 ) D $ 64.3 11,235 D
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016 F 2,503 ( 1 ) D $ 64.3 8,732 D
CRANE CO. COMMON, PAR VALUE $1.00 37 I 401(K)
CRANE CO. COMMON, PAR VALUE $1.00 1,295 I DRP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 50.03 08/16/2016 M 2,500 ( 2 ) ( 4 ) 01/23/2018 CRANE CO. COMMON, PAR VALUE $1.00 2,500 $ 0 0 D
Employee Stock Option (Right to Buy) $ 58.47 08/16/2016 M 2,662 ( 1 ) ( 5 ) 01/26/2025 CRANE CO. COMMON, PAR VALUE $1.00 2,662 $ 0 7,987 D
Employee Stock Option (Right to Buy) $ 48.59 08/16/2016 M 1,300 ( 3 ) ( 6 ) 01/28/2019 CRANE CO. COMMON, PAR VALUE $1.00 1,300 $ 0 1,300 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lavish James A.
100 FIRST STAMFORD PLACE
STAMFORD, CT06902-6784
VP, CBS, People & Performance
Signatures
Attorney In Fact, Alishba Kassim 02/07/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Lavish exercised 2,662 stock options, priced at $58.47 and due to expire January 2025, at a market price of $64.30. The resulting after tax gain was taken in the form of 159 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 2,421 shares of previously owned stock to pay the exercise price of the options, and 82 shares were withheld to pay taxes on the resulting gain.
( 2 )Mr. Lavish exercised 2,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $64.30. The resulting after tax gain was taken in the form of 367 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 1,946 shares of previously owned stock to pay the exercise price of the options, and 187 shares were withheld to pay taxes on the resulting gain.
( 3 )Mr. Lavish exercised 1,300 stock options, priced at $48.59 and due to expire January 2019, at a market price of $64.30. The resulting after tax gain was taken in the form of 210 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 983 shares of previously owned stock to pay the exercise price of the options, and 107 shares were withheld to pay taxes on the resulting gain.
( 4 )This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/23/2012)
( 5 )The remaining 50% will vest on the third and fourth anniversary of the grant date (01/26/2015).
( 6 )The remaining 25% will vest on the fourth anniversary of the grant date (1/28/2013).

Remarks:
This form is being amended to correct a clerical error in reporting an exercise of an Employee Stock Option on August 16, 2016. 2662 Options were exercised and not 2622 as previously reported.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.