Crane NXT, Co. — Director's Dealing 2006

Mar 31, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2006-03-29

Reporting Person: TULLIS JAMES L L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-29	CRANE CO. COMMON, PAR VALUE $1.00	M	2800	$23.69	Acquired	8950	Direct
2006-03-29	CRANE CO. COMMON, PAR VALUE $1.00	F	1631	$40.66	Disposed	7319	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-29	Director Stock Option(Right to Buy)	$23.69	M	2800	Disposed	2010-04-10	CRANE CO. COMMON, PAR VALUE $1.00 (2800)	Direct

Footnotes

F1: IN CONNECTION WITH THE EXERCISE OF 2,800 OPTIONS REPORTED ON THIS FORM 1,631 PREVIOUSLY HELD SHARES WERE DELIVERED BY THE REPORTING PERSON IN ORDER TO FUND THE AGGREGATE EXERCISE PRICE ($66,332.00). NO TAXES WERE REQUIRED TO BE WITHHELD BY THE ISSUER FOR THIS TRANSACTION.

F2: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/10/2000).