Crane NXT, Co. — Director's Dealing 2009

Apr 22, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2009-04-20

Reporting Person: GARDNER DORSEY R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-22	CRANE CO. COMMON, PAR VALUE $1.00	J	77	—	Acquired	2194	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-04-20	Deferred Stock Units	$0	A	1987	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (1987)	Direct
2009-04-20	Deferred Stock Units	$0	A	66	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (66)	Direct
2009-04-20	Director Stock Option(Right to Buy)	$18.87	A	2000	Acquired	2019-04-20	CRANE CO. COMMON, PAR VALUE $1.00 (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	11987	Direct

Footnotes

F1: Between April 1, 2008 and March 31, 2009, the reporting person acquired an aggregate of 77 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; however, if the Director's service terminates before the first anniversary of the Grant, except for reasons of death, 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 of 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.