Crane NXT, Co. — Director's Dealing 2010

Aug 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2010-07-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-29	CRANE CO. COMMON, PAR VALUE $1.00	M	86083	$26.86	Acquired	200888	Direct
2010-07-29	CRANE CO. COMMON, PAR VALUE $1.00	F	74022	$35.31	Disposed	126866	Direct
2010-07-29	CRANE CO. COMMON, PAR VALUE $1.00	S	46405	$35.1874	Disposed	361924	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-29	Employee Stock Option (Right to Buy)	$26.86	M	86083	Disposed	2011-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (86083)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2863	Indirect

Footnotes

F1: Mr. Fast exercised 86,083 stock options priced at $26.86, at a market price of $35.31. The resulting after-tax gain was taken in the form of 12,061 shares of Crane Co. stock, resulting in a
net increase in Mr. Fast's direct holdings by that amount, to 126,866 shares. Mr Fast tendered 65,483 shares of previously owned stock to the pay the exercise price of the options, and 8,539 shares were withheld to pay taxes on the resulting gain.

F2: On July 29, 2010, 46,405 shares of Crane Co. common stock were sold by the Eric C. Fast 2009 GRAT No. 1, a grantor retained annuity trust for the benefit of Mr. Fast's spouse and adult children.

F3: Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $35.00 to $35.44. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: The options vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (01/24/2005).