Crane NXT, Co. — Director's Dealing 2006

Jan 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2006-01-26

Reporting Person: ATKINSON JOAN (V. P. , Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	15000	$19.11	Acquired	43487	Direct
2006-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	10000	$26.86	Acquired	53487	Direct
2006-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	10000	$22.48	Acquired	63487	Direct
2006-01-26	CRANE CO. COMMON, PAR VALUE $1.00	M	10000	$23.23	Acquired	73487	Direct
2006-01-26	CRANE CO. COMMON, PAR VALUE $1.00	S	35000	$36.87	Disposed	38487	Direct
2006-01-27	CRANE CO. COMMON, PAR VALUE $1.00	M	5000	$19.11	Acquired	43487	Direct
2006-01-27	CRANE CO. COMMON, PAR VALUE $1.00	F	472	$36.86	Disposed	43015	Direct
2006-01-27	CRANE CO. COMMON, PAR VALUE $1.00	S	15000	$36.84	Disposed	28015	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-26	Employee Stock Option (Right to Buy)	$26.86	M	10000	Disposed	2011-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (10000)	Direct
2006-01-26	Employee Stock Option (Right to Buy)	$23.23	M	10000	Disposed	2012-01-28	CRANE CO. COMMON, PAR VALUE $1.00 (10000)	Direct
2006-01-26	Employee Stock Option (Right to Buy)	$22.48	M	10000	Disposed	2011-11-26	CRANE CO. COMMON, PAR VALUE $1.00 (10000)	Direct
2006-01-26	Employee Stock Option (Right to Buy)	$19.11	M	15000	Disposed	2013-01-27	CRANE CO. COMMON, PAR VALUE $1.00 (15000)	Direct
2006-01-27	Employee Stock Option (Right to Buy)	$19.11	M	5000	Disposed	2013-01-27	CRANE CO. COMMON, PAR VALUE $1.00 (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	954	Indirect

Footnotes

F1: ON JANUARY 27, 2006, 1,500 SHARES OF RESTRICTED STOCK PREVIOUSLY REPORTED AS BENEFICALLY OWNED BY THE REPORTING PERSON VESTED DUE TO THE PASSAGE OF TIME, AND 472 SHARES WERE SURRENDERED TO PAY TAXES ON SUCH VESTED SHARES.

F2: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (01/24/2005).

F3: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (01/28/2002).

F4: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (11/26/2001).

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).