Crane NXT (CXT) Form 4 CRANE / BRADLEY ELLIS ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ELLIS BRADLEY

(Last) (First) (Middle)

100 FIRST STAMFORD PLACE

(Street)

STAMFORD CT 06902-6784

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CRANE CO /DE/ [ CR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
CRANE CO. COMMON, PAR VALUE $1.00	08/03/2016		M		13,500(1)	A	$43.72	163,771	D
CRANE CO. COMMON, PAR VALUE $1.00	08/03/2016		M		7,500(2)	A	$46.52	171,271	D
CRANE CO. COMMON, PAR VALUE $1.00	08/03/2016		F		6,322(2)	D	$63.09	164,949	D
CRANE CO. COMMON, PAR VALUE $1.00	08/03/2016		F		10,738(1)	D	$63.09	154,211	D
CRANE CO. COMMON, PAR VALUE $1.00								6,814	I	401(K)
CRANE CO. COMMON, PAR VALUE $1.00								2,774	I	DRP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$43.72	08/03/2016		M			13,500(1)	(3)	01/24/2017	CRANE CO. COMMON, PAR VALUE $1.00	13,500	$0.0000	0.0000	D
Employee Stock Option (Right to Buy)	$46.52	08/03/2016		M			7,500(2)	(4)	05/23/2017	CRANE CO. COMMON, PAR VALUE $1.00	7,500	$0.0000	0.0000	D

Explanation of Responses:

1. Mr. Ellis exercised 13,500 stock options, priced at $43.72 and due to expire January 2017, at a market price of $63.09. The resulting after tax gain was taken in the form of 2,762 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount, to 154,211 shares. Mr. Ellis tendered 9,356 shares of previously owned stock to pay the exercise price of the options, and 1,382 shares were withheld to pay taxes on the resulting gain.

2. Mr. Ellis exercised 7,500 stock options, priced at $46.52 and due to expire May 2017, at a market price of $63.09. The resulting after tax gain was taken in the form of 1,178 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount. Mr. Ellis tendered 5,531 shares of previously owned stock to pay the exercise price of the options, and 791 shares were withheld to pay taxes on the resulting gain.

3. This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/24/2011).

4. This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (05/23/2011).

	Attorney In Fact, Christopher Dee	08/05/2016
	** Signature of Reporting Person	Date
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