(CXT)

Role: President and CEO, Director
Signature: Attorney In Fact, Anthony M. D'Iorio
Stock symbol: CXT
Transactions as of: May 13, 2021
Transactions value $: -$2,247,382
Form type: 4
Date filed: 5/14/2021, 05:08 PM
Previous filing: May 11, 2021
Next filing: May 26, 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	$7.95M	+136K	+54.84%	$58.47	384K	May 13, 2021	Direct	F1
transaction	CXT	CRANE CO. COMMON, PAR VALUE $1.00	Tax liability	-$10.2M	-106K	-27.63%	$96.15	278K	May 13, 2021	Direct	F1
holding	CXT	CRANE CO. COMMON, PAR VALUE $1.00						2.83K	May 13, 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	-136K	-100%	$0.00^*	0	May 13, 2021	CRANE CO. COMMON, PAR VALUE $1.00	136K	$58.47	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 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.
F2	The options were granted 01/26/2015 with a ten-year term and vested 25% each year over four years.

Content

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.

The options were granted 01/26/2015 with a ten-year term and vested 25% each year over four years.