Crane NXT, Co. — Director's Dealing 2008

Apr 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2008-04-21

Reporting Person: Cook Donald G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-21	CRANE CO. COMMON, PAR VALUE $1.00	J	8	—	Acquired	41	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-21	Deferred Stock Units	$0	A	862	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (862)	Direct
2008-04-21	Deferred Stock Units	$0	A	14	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (14)	Direct
2008-04-21	Director Stock Option(Right to Buy)	$43.49	A	2000	Acquired	2018-04-21	CRANE CO. COMMON, PAR VALUE $1.00 (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	1861	Direct

Footnotes

F1: BETWEEN JANUARY 1, 2008 AND MARCH 31, 2008, THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 8 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S DIVIDEND REINVESTMENT PLAN.

F2: 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.

F3: 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.

F4: ADDITIONAL DEFERRED STOCK UNITS ARE GRANTED DURING THE YEAR TO COINCIDE WITH PAYMENT OF DIVIDENDS ON CRANE CO. STOCK.

F5: 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.