Sec Form 4 Filing - Maue Richard A @ CRANE CO /DE/ - 2022-02-07

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
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1. Name and Address of Reporting Person
Maue Richard 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)
Sr. V.P. & CFO
(Last) (First) (Middle)
100 FIRST STAMFORD PLACE
3. Date of Earliest Transaction (MM/DD/YY)
02/07/2022
(Street)
STAMFORD, CT06902-6784
4. If Amendment, Date Original Filed (MM/DD/YY)
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 87,262 D
CRANE CO. COMMON, PAR VALUE $1.00 1,722 I 401(K)
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
2022 Performance-Based Restricted Share Unit ( 1 ) 02/07/2022 A 6,390 ( 2 ) ( 2 ) CRANE CO. COMMON, PAR VALUE $1.00 6,390 $ 0 6,390 D
Employee Stock Option (Right to Buy) $ 101.72 02/07/2022 A 9,997 ( 3 ) 02/07/2032 CRANE CO. COMMON, PAR VALUE $1.00 9,997 $ 0 9,997 D
Restricted Share Unit ( 4 ) 02/07/2022 A 3,195 ( 5 ) ( 6 ) CRANE CO. COMMON, PAR VALUE $1.00 3,195 $ 0 8,414 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Maue Richard A
100 FIRST STAMFORD PLACE
STAMFORD, CT06902-6784
Sr. V.P. & CFO
Signatures
Attorney In Fact, Anthony M. D'Iorio 02/09/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each 2022 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 2.00.
( 2 )2022 Performance-Based RSUs vest on December 31, 2024, if Crane Co.'s common stock achieves certain performance criteria for each fiscal year over the three years ending December 31, 2024, and contingent on continued employment with Crane Co., subject to certain exceptions.
( 3 )Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant.
( 4 )Restricted Share Units convert into common stock on a one-for-one basis.
( 5 )Restricted Share Units vest ratably in four equal installments beginning on the first anniversary of the grant date.
( 6 )Restricted Share Units are forfeited if the recipient resigns, or employment is terminated, before it has been converted to common stock.

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).

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