Kurt F. Gallo - Aug 10, 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
Aug 10, 2021
Transactions value $
-$327,014
Form type
4
Date filed
8/12/2021, 05:11 PM
Previous filing
Aug 9, 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 Options Exercise $91.1K +2.09K $43.57 2.09K Aug 10, 2021 Direct F1
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Options Exercise $143K +2.45K +117.3% $58.47 4.55K Aug 10, 2021 Direct F2
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Sale -$451K -4.55K -100% $99.29 0 Aug 10, 2021 Direct F3
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Options Exercise $146K +2.5K $58.47 2.5K Aug 11, 2021 Direct F4
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Sale -$256K -2.5K -100% $102.58 0 Aug 11, 2021 Direct F5
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 26.8K Aug 10, 2021 By Kurt Gallo Living Trust
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 1.39K Aug 10, 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 -2.09K -100% $0.00* 0 Aug 10, 2021 CRANE CO. COMMON, PAR VALUE $1.00 2.09K $43.57 Direct F6
transaction CXT Employee Stock Option (Right to Buy) Options Exercise $0 -2.45K -16.46% $0.00 12.5K Aug 10, 2021 CRANE CO. COMMON, PAR VALUE $1.00 2.45K $58.47 Direct F7
transaction CXT Employee Stock Option (Right to Buy) Options Exercise $0 -2.5K -20.07% $0.00 9.96K Aug 11, 2021 CRANE CO. COMMON, PAR VALUE $1.00 2.5K $58.47 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Gallo exercised 2,092 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 $99.29.
F2 Mr. Gallo exercised 2,454 stock options granted 01/26/2015 and set to expire 1/26/2025 priced at $58.47 and sold at a weighted average price of $99.29.
F3 Weighted average price at which shares were sold at prices ranging from $99.00 to $99.52. 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.
F4 Mr. Gallo exercised 2,500 stock options granted 1/26/2015 and set to expire 1/26/2025 priced at $58.47 and sold at a weighted average price of $102.58.
F5 Weighted average price at which shares were sold at prices ranging from $102.54 to $102.68. 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.
F6 The options were granted 1/25/2016 with a ten-year term and vested 25% each year over four years.
F7 The options were granted 1/26/2015 with a ten-year term and vested 25% each year over four years.