(CXT)

Role: President and CEO, Director
Signature: Attorney In Fact, Anthony M. D'Iorio
Issuer symbol: CXT
Transactions as of: 25 May 2021
Transactions value $: -$5,210,773
Form type: 4
Filing time: 26 May 2021, 17:12:10 UTC
Previous filing: 14 May 2021
Next filing: 14 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXT	CRANE CO. COMMON, PAR VALUE $1.00	Options Exercise	$9.49M	+218K	+78.43%	$43.57	495K	25 May 2021	Direct	F1
transaction	CXT	CRANE CO. COMMON, PAR VALUE $1.00	Tax liability	-$14.7M	-154K	-31.16%	$95.20	341K	25 May 2021	Direct	F1
holding	CXT	CRANE CO. COMMON, PAR VALUE $1.00						2.83K	25 May 2021	401(K)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CXT	Employee Stock Option (Right to Buy)	Options Exercise	$0	-218K	-100%	$0.00^*	0	25 May 2021	CRANE CO. COMMON, PAR VALUE $1.00	218K	$43.57	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Mitchell exercised 217,791 stock options, priced at $43.57 and due to expire 01/25/2026, at a market price of $95.20. The resulting after-tax gain was taken in the form of 63,380 shares of Crane Co. Common Stock, resulting in a net increase in Mr. Mitchell's direct holding by that amount, to 341,076 shares. Mr. Mitchell tendered 99,676 shares of previously owned stock to pay the exercise price of the option, and 54,735 shares were withheld to pay taxes on the resulting gain.
F2	The options were granted 01/25/2016 with a ten-year term and vested 25% each year over four years.

Content

Mr. Mitchell exercised 217,791 stock options, priced at $43.57 and due to expire 01/25/2026, at a market price of $95.20. The resulting after-tax gain was taken in the form of 63,380 shares of Crane Co. Common Stock, resulting in a net increase in Mr. Mitchell's direct holding by that amount, to 341,076 shares. Mr. Mitchell tendered 99,676 shares of previously owned stock to pay the exercise price of the option, and 54,735 shares were withheld to pay taxes on the resulting gain.

The options were granted 01/25/2016 with a ten-year term and vested 25% each year over four years.