Crane NXT, Co. — Director's Dealing 2007

Apr 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2007-04-26

Reporting Person: FAST ERIC C (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-26	CRANE CO. COMMON, PAR VALUE $1.00	M	125280	$21.37	Acquired	460666	Direct
2007-04-26	CRANE CO. COMMON, PAR VALUE $1.00	F	88395	$42.985	Disposed	372271	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-26	Employee Stock Option (Right to Buy)	$21.37	M	125280	Disposed	2009-09-27	CRANE CO. COMMON, PAR VALUE $1.00 (125280)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	1717	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	79767	Indirect

Footnotes

F1: THE OFFICER TENDERED 26,113 PREVIOUSLY OWNED SHARES TO THE COMPANY IN PAYMENT OF THE EXERCISE PRICE ON 125,280 STOCK OPTIONS. 62,282 SHARES WERE WITHHELD FROM THE SHARES ACQUIRED UPON EXERCISE OF THE OPTIONS, IN ORDER TO SATISFY THE OFFICER'S WITHHOLDING TAX OBLIGATION.

F2: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE(09/27/1999).