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: LOCHNER PHILIP R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-19	Deferred Stock Units	$	A	2068	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (2068)	Direct
2010-04-19	Deferred Stock Units	$	A	194	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (194)	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

Footnotes

F1: 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.

F2: 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.

F3: Additional Deferred Stock Units are granted during the year to coincide with payment of dividends of Crane Co. Stock.

F4: 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.