X0306 4 2016-01-25 0000025445 CRANE CO /DE/ CR 0001230643 DUPONT AUGUSTUS I 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 1 V.P., Gen. Couns. & Sec. CRANE CO. COMMON, PAR VALUE $1.00 2016-01-25 4 M 0 5081.0000 0.0000 A 94321.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2016-01-25 4 F 0 271.0000 43.5700 D 94050.0000 D CRANE CO. COMMON, PAR VALUE $1.00 2016-01-25 4 F 0 1828.0000 43.5700 D 92222.0000 D CRANE CO. COMMON, PAR VALUE $1.00 4803.0000 I 401(K) 2013 Performance-Based Restricted Share Unit 2016-01-25 4 M 0 5874.0000 0.0000 D CRANE CO. COMMON, PAR VALUE $1.00 5874.0000 0.0000 D 2016 Performance-Based Restricted Share Unit 2016-01-25 4 A 0 5876.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 5876.0000 5876.0000 D Employee Stock Option (Right to Buy) 43.5700 2016-01-25 4 A 0 30061.0000 0.0000 A 2026-01-25 CRANE CO. COMMON, PAR VALUE $1.00 30061.0000 30061.0000 D Restricted Share Unit 2016-01-25 4 A 0 1928.0000 0.0000 A CRANE CO. COMMON, PAR VALUE $1.00 1928.0000 5214.0000 D Each 2013 Performance-Based RSU granted in January 2013 represented a contingent right to receive a number of shares of Crane Co. Common Stock between zero and 1.75, to be determined with reference to the Total Shareholder Return of Crane Co.'s Common Stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2013 and ending December 31, 2015. On January 25, 2016, each Performance-Based RSU was converted to the right to receive 0.865 shares of Common Stock. On January 25, 2016, 800 shares of Restricted Stock previously reported as beneficially owned by the reporting person vested due to the passage of time, and 271 shares were surrendered to pay taxes on such vested shares. 5,874 Performance-Based RSU's granted in January 2013 were converted on January 25, 2016 into the right to receive 5,081 shares of Common Stock, and 1,828 shares were surrenederd to pay taxes on the resulting gain. Each 2016 Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 2.00, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2016 and ending December 31, 2018. Assuming the performance conditions specified in footnote 4 are met, the Performance-Based RSUs will vest on December 31, 2018, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company. Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary and 100% on the fourth anniversary of the date of grant. Each Restricted Share Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or termination following a change in control of the Company. 25% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or termination following a change in control of the Company. A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock. Attorney In Fact, Christopher Dee 2016-01-27