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Filing Details

Accession Number:: 0001225208-13-013015
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-05-22 18:00:35
Reporting Period:: 2013-05-20

Filing Date:: 2013-05-22
Accepted Time:: 2013-05-22 18:00:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
25445	Crane Co	CR	Miscellaneous Fabricated Metal Products (3490)	131952290

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1187925	C Eric Fast	100 First Stamford Place Stamford CT 06902-6784	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Crane Co. Common, Par Value $1.00	Acquisiton	2013-05-20	50,000	$31.94	195,031	No	4	M	Direct
Crane Co. Common, Par Value $1.00	Disposition	2013-05-20	37,892	$60.24	157,139	No	4	F	Direct
Crane Co. Common, Par Value $1.00	Disposition	2013-05-21	2,000	$0.00	155,139	No	4	G	Direct
Crane Co. Common, Par Value $1.00	Disposition	2013-05-21	16,309	$60.05	138,830	No	4	S	Direct
Crane Co. Common, Par Value $1.00	Disposition	2013-05-21	31,684	$60.14	202,880	No	4	S	Indirect	By GRAT

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	F	Direct
No	4	G	Direct
No	4	S	Direct
No	4	S	Indirect	By GRAT

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Crane Co. Common, Par Value $1.00	Employee Stock Option (Right to Buy)	Disposition	2013-05-20	50,000	$0.00	50,000	$31.94

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
130,000		2016-01-25	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Crane Co. Common, Par Value $1.00	3,513	Indirect	401(K)
Crane Co. Common, Par Value $1.00	72,522	Indirect	By family trusts

Footnotes

Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.
Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 157,139 shares. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.
2,000 shares were transferred to Fidelity Charitable Gift Fund, allocated by the Fund to the Fast Giving Account, and subsequently sold by the Fund.
Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $59.81 to $60.54. 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.
31,684 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 2, a grantor retained annuity trust for the benefit of Mr. Fast's spouse and adult children.
Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $59.82 to $60.40. 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.
The remaining 25% will vest on the fourth anniversary of the grant date (01/25/2014).