Richard A. Maue - May 28, 2021 Form 4/A - Amendment Insider Report for CRANE CO /DE/ (CXT)

Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
May 28, 2021
Transactions value $
-$2,147,666
Form type
4/A - Amendment
Date filed
6/4/2021, 05:16 PM
Date Of Original Report
Jun 1, 2021
Next filing
Aug 16, 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 Tax liability -$2.15M -22.5K -21.68% $95.49 81.3K May 28, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Maue exercised 28,398 stock options, priced at $58.47 and due to expire 01/26/2025, at a market price of $95.49. The resulting after-tax gain was taken in the form of 5,907 shares of Crane Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 81,256 shares. Mr. Maue tendered 17,389 shares of previously owned stock to pay the exercise price of the option, and 5,102 shares were withheld to pay taxes on the resulting gain.
F2 As a result of calculation errors by the issuer's equity award administrator, the reporting person filed a Form 4 on June 1, 2021 which inadvertently reported an incorrect number of shares of the issuer's common stock withheld to pay taxes and, accordingly, an incorrect number of shares of the issuer's common stock beneficially owned following the reported withholding transaction. This Form 4 is filed solely for the purpose of correcting the administrator's calculation errors.