Crane NXT, Co. — Director's Dealing 2010

Apr 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2010-04-19

Reporting Person: GARDNER DORSEY R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-19	CRANE CO. COMMON, PAR VALUE $1.00	J	15	—	Acquired	2244	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-19	Deferred Stock Units	$	A	1034	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (1034)	Direct
2010-04-19	Deferred Stock Units	$	A	111	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (111)	Direct
2010-04-19	Director Stock Option(Right to Buy)	$36.26	A	2000	Acquired	2020-04-19	CRANE CO. COMMON, PAR VALUE $1.00 (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	34387	Direct

Footnotes

F1: Between April 1, 2009 and February 28, 2010, the reporting person acquired an aggregate of 15 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 on 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.