Crane NXT, Co. — Director's Dealing 2008

May 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2008-05-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-27	CRANE CO. COMMON, PAR VALUE $1.00	M	20000	$33.31	Acquired	54988	Direct
2008-05-27	CRANE CO. COMMON, PAR VALUE $1.00	S	20000	$42.0171	Disposed	34988	Direct
2008-05-27	CRANE CO. COMMON, PAR VALUE $1.00	J	191	—	Acquired	984	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-27	Employee Stock Option (Right to Buy)	$33.31	M	20000	Disposed	2010-04-26	CRANE CO. COMMON, PAR VALUE $1.00 (20000)	Direct

Footnotes

F1: IN A FORM 3 FILING DATED FEBRUARY 27, 2007, THE EXERCISE PRICE OF THESE OPTIONS WAS ERRONEOUSLY REPORTED AS $36.31.

F2: WEIGHTED AVERAGE PRICE AT WHICH SHARES WERE SOLD IN MULTIPLE TRANSACTIONS.

F3: BETWEEN JANUARY 1, 2008 AND APRIL 30, 2008, THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 191 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.

F4: THE OPTION VESTED 50% ON THE FIRST, 75% ON THE SECOND AND 100% ON THE THIRD ANNIVERSARY OF THE GRANT DATE (04/26/2004).