Crane NXT, Co. — Director's Dealing 2005

Jan 25, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2005-01-22

Reporting Person: KOPCZICK ELISE (V.P. - Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-22	CRANE CO. COMMON, PAR VALUE $1.00	F	315	$26.64	Disposed	33369	Direct
2005-01-24	CRANE CO. COMMON, PAR VALUE $1.00	A	12000	$26.86	Acquired	45369	Direct
2005-01-25	CRANE CO. COMMON, PAR VALUE $1.00	A	377.131	—	Acquired	896.131	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-24	Employee Stock Option (Right to Buy)	$26.86	A	30000	Acquired	2011-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	8833	Indirect

Footnotes

F1: ON JANUARY 22, 2005, 1,000 SHARES OF RESTRICTED STOCK PREVIOUSLY REPORTED AS BENEFICIALLY OWNED BY THE REPORTING PERSON VESTED DUE TO THE PASSAGE OF TIME AND 315 SHARES WERE SURRENDERED TO PAY TAXES ON SUCH VESTED SHARES.

F2: BETWEEN JANUARY 1, 2004 AND DECEMBER 31, 2004 THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 127 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.

F3: THE OPTION VESTS 50% ON THE FIRST, 25% ON THE SECOND AND 25% ON THE THIRD ANNIVERSARY OF THE GRANT DATE.