Crane NXT, Co. — Director's Dealing 2006

May 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2006-05-08

Reporting Person: EVANS ROBERT S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-08	CRANE CO. COMMON, PAR VALUE $1.00	M	260225	$33.54	Acquired	694455	Direct
2006-05-08	CRANE CO. COMMON, PAR VALUE $1.00	M	250000	$26.95	Acquired	944455	Direct
2006-05-08	CRANE CO. COMMON, PAR VALUE $1.00	F	412354	$45.08	Disposed	532101	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-08	Employee Stock Option (Right to Buy)	$26.95	M	250000	Disposed	2011-04-23	CRANE CO. COMMON, PAR VALUE $1.00 (250000)	Direct
2006-05-08	Employee Stock Option (Right to Buy)	$33.54	M	260225	Disposed	2008-04-20	CRANE CO. COMMON, PAR VALUE $1.00 (260225)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	10750	Indirect

Footnotes

F1: IN CONNECTION WITH THE EXERCISE OF 510,225 OPTIONS REPORTED ON THE FORM, 412,354 PREVIOUSLY HELD SHARES WERE SURRENDERED TO FUND THE AGGREGATE EXERCISE PRICE ($15,465,460) AND THE RESULTANT WITHHOLDING TAXES ($3,123,458).

F2: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/23/2001).

F3: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/20/1998).