Crane NXT, Co. — Director's Dealing 2008

Jan 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2008-01-27

Reporting Person: FAST ERIC C (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-27	CRANE CO. COMMON, PAR VALUE $1.00	F	4145	$36.08	Disposed	301541	Direct
2008-01-28	CRANE CO. COMMON, PAR VALUE $1.00	A	80000	—	Acquired	381541	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-28	Employee Stock Option (Right to Buy)	$36.46	A	130000	Acquired	2014-01-28	CRANE CO. COMMON, PAR VALUE $1.00 (130000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	1950	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	29820	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	75777	Indirect

Footnotes

F1: ON JANUARY 27, 2008, 10,000 SHARES OF RESTRICTED STOCK PREVIOUSLY REPORTED AS BENEFICIALLY OWNED BY THE REPORTING PERSON VESTED DUE TO THE PASSAGE OF TIME, AND 4,145 SHARES WERE SURRENDERED TO PAY TAXES ON SUCH VESTED SHARES.

F2: THIS OPTION VESTS 25% ONE YEAR, 50% TWO YEARS, 75% THREE YEARS AND 100% FOUR YEARS AFTER THE DATE OF GRANT.