Crane NXT, Co. — Director's Dealing 2003

Aug 1, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR-NYSE)
CIK: 0000025445
Period of Report: 2003-07-31

Reporting Person: PANTALEONI A D (V.P.-Environ., Health & Safety)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-31	CRANE CO. COMMON, PAR VALUE $1.00	M	12198	$14.12	Acquired	0	Direct
2003-07-31	CRANE CO. COMMON, PAR VALUE $1.00	S	12198	$24.9365	Disposed	39363	Direct
2003-07-31	CRANE CO. COMMON, PAR VALUE $1.00	J	673	—	Acquired	12351	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-31	EMPLOYEE STOCK OPTION(RIGHT TO BUY)	$14.12	M	12198	Disposed	2005-05-08	COMMON STOCK (12198)	Direct

Footnotes

F1: BETWEEN JANUARY 1, 2003 AND JUNE 30, 2003 THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 673 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.

F2: THIS OPTION VESTED 50% ONE YEAR, 75% TWO YEARS AND 100% THREE YEARS AFTER DATE OF GRANT--MAY 8, 1995.