Crane NXT, Co. — Director's Dealing 2006

Aug 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2006-08-02

Reporting Person: FAST ERIC C (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-02	CRANE CO. COMMON, PAR VALUE $1.00	M	62640	$19.86	Acquired	340840	Direct
2006-08-02	CRANE CO. COMMON, PAR VALUE $1.00	M	37360	$21.37	Acquired	378200	Direct
2006-08-02	CRANE CO. COMMON, PAR VALUE $1.00	J	106	—	Acquired	1704	Indirect
2006-08-02	CRANE CO. COMMON, PAR VALUE $1.00	F	71732	$39.49	Disposed	306468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-02	Employee Stock Option (Right to Buy)	$21.37	M	37360	Disposed	2009-09-27	CRANE CO. COMMON, PAR VALUE $1.00 (37360)	Direct
2006-08-02	Employee Stock Option (Right to Buy)	$19.86	M	62640	Disposed	2010-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (62640)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	85000	Indirect

Footnotes

F1: ON AUGUST 2, 2006, THE REPORTING PERSON EXERCISED OPTIONS TO PURCHASE 37, 360 SHARES OF CRANE CO. COMMON STOCK AT AN EXERCISE PRICE OF $21.37 PER SHARE AND 62,640 SHARES OF CRANE CO. COMMON STOCK AT AN EXERCISE PRICE OF $19.86. THE AGGREGATE EXERCISE PRICE AND APPLICABLE TAXES ON THE EXERCISE WERE PAID BY DELIVERY OF 71,732 ALREADY OWNED SHARES HAVING A FAIR MARKET VALUE OF $39.49 PER SHARE.

F2: BETWEEN APRIL 1, 2006 AND JULY 31, 2006 THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 106 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.

F3: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE(09/27/1999).

F4: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE(01/24/2000).