Kurt F. Gallo - May 7, 2021 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
Senior Vice President
Signature
Attorney In Fact, Julie A. Constantinides
Stock symbol
CXT
Transactions as of
May 7, 2021
Transactions value $
-$558,529
Form type
4
Date filed
5/11/2021, 06:57 PM
Next filing
May 28, 2021

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 $218K +5K $43.57 5K May 7, 2021 Direct F1
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Sale -$490K -4.95K -99% $99.09 50 May 7, 2021 Direct F2
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Sale -$4.98K -50 -100% $99.67 0 May 7, 2021 Direct
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Options Exercise $218K +5K $43.57 5K May 10, 2021 Direct F3
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Sale -$499K -5K -100% $99.75 0 May 10, 2021 Direct F4
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 26.8K May 7, 2021 By Kurt Gallo Living Trust F5
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 1.39K May 7, 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 -5K -22.18% $0.00 17.5K May 7, 2021 CRANE CO. COMMON, PAR VALUE $1.00 5K $43.57 Direct F6
transaction CXT Employee Stock Option (Right to Buy) Options Exercise $0 -5K -28.5% $0.00 12.5K May 10, 2021 CRANE CO. COMMON, PAR VALUE $1.00 5K $43.57 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Gallo exercised 5,000 stock options granted 01/25/2016 and set to expire 1/25/2026 priced at $43.57 and sold at a weighted average price of $99.09.
F2 Weighted average price at which shares were sold at prices ranging from $98.51 to $99.50. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Mr. Gallo exercised 5,000 stock options granted 01/25/2016 and set to expire 1/25/2026 priced at $43.57 and sold at a weighted average price of $99.75.
F4 Weighted average price at which shares were sold at prices ranging from $99.66 to $99.84. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5 341 shares previously reported as directly held were transferred to the Kurt Gallo Living Trust.
F6 The options were granted 1/25/2016 with a ten-year term and vested 25% each year over four years.