Crane NXT, Co. — Director's Dealing 2010

Mar 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2010-03-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-17	CRANE CO. COMMON, PAR VALUE $1.00	M	50000	$33.31	Acquired	195866	Direct
2010-03-17	CRANE CO. COMMON, PAR VALUE $1.00	F	48852	$34.67	Disposed	147014	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-17	Employee Stock Option (Right to Buy)	$33.31	M	50000	Disposed	2010-04-26	CRANE CO. COMMON, PAR VALUE $1.00 (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2710	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	351172	Indirect

Footnotes

F1: Mr. Fast exercised 50,000 stock options priced at $33.31, at a market price of $34.67. The resulting after-tax gain was taken in the form of 1,148 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 147,014 shares. Mr. Fast tendered 48,039 shares of previously owned stock to pay the exercise price of the options, and 813 shares were withheld to pay taxes on the resulting gain.

F2: The option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (04/26/2004).