Richard A. Maue - Aug 12, 2021 Form 4 Insider Report for CRANE CO /DE/ (CXT)

Signature
Attorney In Fact, Anthony M. D'Iorio
Stock symbol
CXT
Transactions as of
Aug 12, 2021
Transactions value $
-$329,774
Form type
4
Date filed
8/16/2021, 05:40 PM
Previous filing
Jun 4, 2021
Next filing
Jan 26, 2022

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 $1.17M +18.1K +22.27% $64.78 99.4K Aug 12, 2021 Direct F1, F2
transaction CXT CRANE CO. COMMON, PAR VALUE $1.00 Tax liability -$1.5M -14.4K -14.53% $104.09 84.9K Aug 12, 2021 Direct F1
holding CXT CRANE CO. COMMON, PAR VALUE $1.00 1.71K Aug 12, 2021 401(K) F3

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 -18.1K -100% $0.00* 0 Aug 12, 2021 CRANE CO. COMMON, PAR VALUE $1.00 18.1K $64.78 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Maue exercised 18,099 stock options, priced at $64.78 and due to expire 01/27/2024, at a market price of $104.09. The resulting after-tax gain was taken in the form of 3,667 shares of Crane Co. Common Stock, resulting in a net increase in Mr. Maue's direct holding by that amount, to 84,927 shares. Mr. Maue tendered 11,264 shares of previously owned stock to pay the exercise price of the option, and 3,168 shares were withheld to pay taxes on the resulting gain.
F2 Includes 4 shares stock acquired through the Company's dividend reinvestment plan.
F3 Between April 1, 2021, and July 31, 2021, the reporting person acquired 8 shares of the Company's stock through the Company's 401(K) plan.
F4 The options were granted 1/27/2014 with a ten-year term and vested 25% each year over four years.