Kurt F. Gallo - Aug 2, 2021 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Role
Senior Vice President
Signature
/s/ Julie A. Constantinides
Stock symbol
CXT
Transactions as of
Aug 2, 2021
Transactions value $
-$272,200
Form type
4
Date filed
8/4/2021, 05:08 PM
Previous filing
May 28, 2021
Next filing
Aug 9, 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 Aug 2, 2021 Direct F1
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Sale -$490K -5K -100% $98.01 0 Aug 2, 2021 Direct F2
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 26.8K Aug 2, 2021 By Kurt Gallo Living Trust
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 1.39K Aug 2, 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 -66.26% $0.00 2.55K Aug 2, 2021 CRANE CO. COMMON, PAR VALUE $1.00 5K $43.57 Direct F3
* 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 1/25/2016 and set to expire 1/25/2026 priced at $43.57 and sold at a weighted average price of $98.01.
F2 Weighted average price at which shares were sold at prices ranging from $98.00 to $98.06. 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 The options were granted 1/25/2016 with a ten-year term and vested 25% each year over four years.