Crane NXT, Co. — Director's Dealing 2006

May 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2006-04-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-27	CRANE CO. COMMON, PAR VALUE $1.00	M	11250	$23.23	Acquired	67843	Direct
2006-04-27	CRANE CO. COMMON, PAR VALUE $1.00	F	8224	$42.86	Disposed	59619	Direct
2006-04-28	CRANE CO. COMMON, PAR VALUE $1.00	M	10000	$19.86	Acquired	69619	Direct
2006-04-28	CRANE CO. COMMON, PAR VALUE $1.00	M	3500	$19.11	Acquired	73119	Direct
2006-04-28	CRANE CO. COMMON, PAR VALUE $1.00	M	2440	$20.71	Acquired	75559	Direct
2006-04-28	CRANE CO. COMMON, PAR VALUE $1.00	M	2440	$33.54	Acquired	77999	Direct
2006-04-28	CRANE CO. COMMON, PAR VALUE $1.00	S	18380	$42.52	Disposed	59619	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-27	Employee Stock Option (Right to Buy)	$23.23	M	11250	Disposed	2012-01-28	CRANE CO. COMMON, PAR VALUE $1.00 (11250)	Direct
2006-04-28	Employee Stock Option (Right to Buy)	$33.54	M	2440	Disposed	2008-04-20	CRANE CO. COMMON, PAR VALUE $1.00 (2440)	Direct
2006-04-28	Employee Stock Option (Right to Buy)	$20.71	M	2440	Disposed	2007-04-21	CRANE CO. COMMON, PAR VALUE $1.00 (2440)	Direct
2006-04-28	Employee Stock Option (Right to Buy)	$19.11	M	3500	Disposed	2013-01-27	CRANE CO. COMMON, PAR VALUE $1.00 (3500)	Direct
2006-04-28	Employee Stock Option (Right to Buy)	$19.86	M	10000	Disposed	2010-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	9433	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	1735	Indirect

Footnotes

F1: IN CONNECTION WITH THE EXERCISE OF 11,250 OPTIONS REPORTED ON THIS FORM, 8,224 PREVIOUSLY HELD SHARES WERE SURRENDERD TO FUND THE AGGREGATE EXERCISE PRICE ($261,337.50) AND THE RESULTANT WITHHOLDING TAXES ($91,143.14).

F2: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (01/28/2002).

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).

F4: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/21/1997).

F5: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (01/27/2003).

F6: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (01/24/2000).