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: DICKOFF G A (Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-08	CRANE CO. COMMON, PAR VALUE $1.00	M	21143	$33.54	Acquired	94999	Direct
2006-05-08	CRANE CO. COMMON, PAR VALUE $1.00	M	11250	$33.31	Acquired	106249	Direct
2006-05-08	CRANE CO. COMMON, PAR VALUE $1.00	M	7500	$26.86	Acquired	113749	Direct
2006-05-08	CRANE CO. COMMON, PAR VALUE $1.00	F	33258	$45.08	Disposed	80491	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-08	Employee Stock Option (Right to Buy)	$26.86	M	7500	Disposed	2011-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (7500)	Direct
2006-05-08	Employee Stock Option (Right to Buy)	$33.31	M	11250	Disposed	2010-04-26	CRANE CO. COMMON, PAR VALUE $1.00 (11250)	Direct
2006-05-08	Employee Stock Option (Right to Buy)	$33.54	M	21143	Disposed	2008-04-20	CRANE CO. COMMON, PAR VALUE $1.00 (21143)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	6126	Indirect

Footnotes

F1: IN CONNECTION WITH THE EXERCISE OF 39,893 OPTIONS REPORTED ON THE FORM, 33,258 PREVIOUSLY HELD SHARES WERE SURRENDERED TO FUND THE AGGREGATE EXERCISE PRICE ($1,285,321) AND THE RESULTANT WITHHOLDING TAXES ($213,950).

F2: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/24/2005).

F3: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/26/2004).

F4: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/20/1998).