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*
FAST ERIC C

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2013
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 11/01/2013 S 21,593(1) D $63.2901(2) 50,929 I By family trusts
CRANE CO. COMMON, PAR VALUE $1.00 11/01/2013 S 12,965(3) D $63.4811(4) 198,543 I By GRAT
CRANE CO. COMMON, PAR VALUE $1.00 11/04/2013 S 27,859(5) D $63.8882(6) 170,684 I By GRAT
CRANE CO. COMMON, PAR VALUE $1.00 11/05/2013 S 11,984(7) D $63.3777(8) 158,700 I By GRAT
CRANE CO. COMMON, PAR VALUE $1.00 65,697 D
CRANE CO. COMMON, PAR VALUE $1.00 3,513 I 401(K)
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
Explanation of Responses:
1. 21,593 shares of Crane Co. common stock were sold by the family trusts established for the benefit of Mr. Fast's spouse and adult children.
2. Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $62.87 to $63.75. 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.
3. 6,570 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 3 and 6,395 shares of Crane Co. common stock were sold by the Eric C. Fast 2013 GRAT No. 1, grantor retained annuity trusts for the benefit of Mr. Fast's spouse and adult children.
4. Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $63.38 to $63.60. 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.
5. 14,117 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 3 and 13,742 shares of Crane Co. common stock were sold by the Eric C. Fast 2013 GRAT No. 1, grantor retained annuity trusts for the benefit of Mr. Fast's spouse and adult children.
6. Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $63.2925 to $64.12. 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.
7. 6,072 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 3 and 5,912 shares of Crane Co. common stock were sold by the Eric C. Fast 2013 GRAT No. 1, grantor retained annuity trusts for the benefit of Mr. Fast's spouse and adult children.
8. Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $63.16 to $63.71. 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.
Remarks:
After these transactions, Mr. Fast's total beneficial holdings of Crane Co. stock, including Restricted Share Units are 313,639 shares.
Attorney In Fact, Christopher Dee 11/05/2013
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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