Crane NXT, Co. — Director's Dealing 2008

May 30, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2008-05-28

Reporting Person: MITCHELL MAX H (Pres., Fluid Handling Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-28	CRANE CO. COMMON, PAR VALUE $1.00	M	30000	$26.86	Acquired	64988	Direct
2008-05-28	CRANE CO. COMMON, PAR VALUE $1.00	M	18750	$36.58	Acquired	83738	Direct
2008-05-28	CRANE CO. COMMON, PAR VALUE $1.00	M	7500	$36.64	Acquired	91238	Direct
2008-05-28	CRANE CO. COMMON, PAR VALUE $1.00	S	56250	$42.1034	Disposed	34988	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-28	Employee Stock Option (Right to Buy)	$26.86	M	30000	Disposed	2011-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (30000)	Direct
2008-05-28	Employee Stock Option (Right to Buy)	$36.58	M	18750	Disposed	2012-01-23	CRANE CO. COMMON, PAR VALUE $1.00 (18750)	Direct
2008-05-28	Employee Stock Option (Right to Buy)	$36.64	M	7500	Disposed	2013-01-29	CRANE CO. COMMON, PAR VALUE $1.00 (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	984	Indirect

Footnotes

F1: WEIGHTED AVERAGE PRICE AT WHICH SHARES WERE SOLD IN MULTIPLE TRANSACTIONS.

F2: THE OPTION VESTED 50% ONE YEAR, 75% TWO YEARS, AND 100% THREE YEARS AFTER THE DATE OF GRANT (01/24/2005).

F3: THE OPTION VESTED 50% ONE YEAR, 75% TWO YEARS, AND 100% THREE YEARS AFTER THE DATE OF GRANT (01/23/2006).

F4: THE OPTION VESTED 25% ONE YEAR, 50% TWO YEARS, 75% THREE YEARS AND 100% FOUR YEARS AFTER THE DATE OF GRANT (01/29/2007).