Crane NXT, Co. — Director's Dealing 2009

Jan 28, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2009-01-26

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-26	Employee Stock Option (Right to Buy)	$16.43	A	30000	Acquired	2015-01-26	CRANE CO. COMMON, PAR VALUE $1.00 (30000)	Direct
2009-01-26	Restricted Stock Units	$0	A	8000	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (8000)	Direct

Footnotes

F1: 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.

F2: Each Restricted Stock Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or in the event of a change in control of the Company.

F3: 25% of the Restricted Stock Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Stock Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company.

F4: A Restricted Stock Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.