Crane NXT, Co. — Director's Dealing 2006

May 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2006-05-04

Reporting Person: DICKOFF G A (Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-04	CRANE CO. COMMON, PAR VALUE $1.00	M	10843	$21.96	Acquired	77098	Direct
2006-05-04	CRANE CO. COMMON, PAR VALUE $1.00	M	10000	$23.23	Acquired	87098	Direct
2006-05-04	CRANE CO. COMMON, PAR VALUE $1.00	M	7000	$26.95	Acquired	94098	Direct
2006-05-04	CRANE CO. COMMON, PAR VALUE $1.00	J	6	—	Acquired	6126	Indirect
2006-05-04	CRANE CO. COMMON, PAR VALUE $1.00	F	20242	$44.51	Disposed	73856	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-04	Employee Stock Option (Right to Buy)	$26.95	M	7000	Disposed	2011-01-22	CRANE CO. COMMON, PAR VALUE $1.00 (7000)	Direct
2006-05-04	Employee Stock Option (Right to Buy)	$23.23	M	10000	Disposed	2012-01-28	CRANE CO. COMMON, PAR VALUE $1.00 (10000)	Direct
2006-05-04	Employee Stock Option (Right to Buy)	$21.96	M	10843	Disposed	2009-04-05	CRANE CO. COMMON, PAR VALUE $1.00 (10843)	Direct

Footnotes

F1: BETWEEN APRIL 1, 2006 AND APRIL 30, 2006 THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 6 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.

F2: IN CONNECTION WITH THE EXERCISE OF 27,843 OPTIONS REPORTED ON THIS FORM, 20,242 PREVIOUSLY HELD SHARES WERE SURRENDERED TO FUND THE AGGREGATE EXERCISE PRICE ($659,062.00) AND THE RESULTANT WITHHOLDING TAXES ($24,028.00).

F3: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (01/22/2001).

F4: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (01/28/2002).

F5: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/05/1999).