Crane NXT, Co. — Director's Dealing 2008

Apr 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2008-04-01

Reporting Person: ELLIS BRADLEY (Pres., Merch. Systems Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-01	CRANE CO. COMMON, PAR VALUE $1.00	M	27649	$33.54	Acquired	94823	Direct
2008-04-01	CRANE CO. COMMON, PAR VALUE $1.00	F	24214	$41.1	Disposed	70609	Direct
2008-04-01	CRANE CO. COMMON, PAR VALUE $1.00	J	299	—	Acquired	3718	Indirect
2008-04-01	CRANE CO. COMMON, PAR VALUE $1.00	J	100	—	Acquired	305	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-01	Employee Stock Option (Right to Buy)	$33.54	M	27649	Disposed	2008-04-20	CRANE CO. COMMON, PAR VALUE $1.00 (27649)	Direct

Footnotes

F1: Mr. Ellis exercised 27,649 stock options priced at $33.54, at a market price of $41.10. Mr. Ellis tendered 22,563 shares of previously owned stock to pay the exercise price of the options, and 1,651 of the option shares were withheld to pay taxes on the resulting gain. The resulting after-tax gain was taken in the form of 3,435 shares of Crane Co., stock resulting in a net increase in Mr. Ellis's position by that amount, to 70,609 shares.

F2: BETWEEN JANUARY 1, 2008 AND MARCH 31, 2008, THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 299 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S 401(K) PLAN.

F3: BETWEEN JANUARY 1, 2008 AND MARCH 31, 2008, THE REPORTING PERSON ACQUIRED AN AGGREGATE OF 100 SHARES OF COMMON STOCK AT PREVAILING MARKET PRICES THROUGH THE ISSUER'S DIVIDEND REINVESTMENT PLAN.

F4: The option vested 50% one year, 75% two years and 100% three years after April 20, 1998, the date of grant.