Crane NXT, Co. — Director's Dealing 2007

Apr 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2007-04-23

Reporting Person: FORTE RICHARD S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-23	Deferred Stock Units	$0	A	899	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (899)	Direct
2007-04-23	Director Stock Option(Right to Buy)	$41.71	A	2000	Acquired	2017-04-23	CRANE CO. COMMON, PAR VALUE $1.00 (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	13424	Direct
CRANE CO. COMMON, PAR VALUE $1.00	2792	Indirect

Footnotes

F1: EACH DEFERRED STOCK UNIT REPRESENTS THE RIGHT TO RECEIVE ONE SHARE OF CRANE CO. COMMON STOCK UPON SEPARATION FROM SERVICE ON THE BOARD OF DIRECTORS.

F2: FOLLOWING SEPARATION FROM SERVICE ON THE BOARD OF DIRECTORS, THE DIRECTOR WILL RECEIVE ONE SHARE OF CRANE CO. COMMON STOCK FOR EACH DEFERRED STOCK UNIT; IF, HOWEVER, THE DIRECTOR'S SERVICE TERMINATES BEFORE THE FIRST ANNIVERSARY OF THE GRANT, EXCEPT FOR REASONS OF DEATH, DISABILITY, OR A CHANGE IN CONTROL OF CRANE CO., THEN THE RIGHT TO RECEIVE SUCH SHARES WILL EXPIRE.

F3: OPTIONS BECOME EXERCISABLE 25% ON THE FIRST ANNIVERSARY, 50% ON THE SECOND ANNIVERSARY, 75% ON THE THIRD ANNIVERSARY, AND 100% ON THE FOURTH ANNIVERSARY OF THE DATE OF GRANT.