Crane NXT, Co. — Director's Dealing 2007

Aug 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2007-07-31

Reporting Person: DUPONT AUGUSTUS I (V.P., Gen. Couns. & Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-31	CRANE CO. COMMON, PAR VALUE $1.00	M	65056	$21.96	Acquired	146446	Direct
2007-07-31	CRANE CO. COMMON, PAR VALUE $1.00	F	45016	$46.34	Disposed	101430	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-31	Employee Stock Option (Right to Buy)	$21.96	M	65056	Disposed	2009-04-05	CRANE CO. COMMON, PAR VALUE $1.00 (65056)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2479	Indirect

Footnotes

F1: Mr. duPont exercised 65,056 stock options priced at $21.96, at a market price of $46.34. The resulting after-tax gain was taken in the form of 20,040 shares of Crane Co. stock, resulting in a net increase in Mr. duPont's direct ownership position by that amount, to 101,430 shares. Mr. duPont tendered 30,830 shares of previously owned stock to pay the exercise price of the options, and 14,186 of the option shares were withheld to pay taxes on the resulting gain.

F2: The option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (04/05/1999).