Crane NXT, Co. — Director's Dealing 2010

Mar 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2010-03-16

Reporting Person: TULLIS JAMES L L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-16	CRANE CO. COMMON, PAR VALUE $1.00	M	2000	$23.69	Acquired	14109	Direct
2010-03-16	CRANE CO. COMMON, PAR VALUE $1.00	F	1384	$34.25	Disposed	12725	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-16	Director Stock Option(Right to Buy)	$23.69	M	2000	Disposed	2010-04-10	CRANE CO. COMMON, PAR VALUE $1.00 (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2000	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	500	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	1000	Indirect

Footnotes

F1: Mr. Tullis exercised 2,000 stock options priced at $23.69, at a market price of $34.25. Mr. Tullis tendered 1,384 shares of previously owned stock to pay the exercise price of the options. The resulting gain was taken in the form of 616 shares of Crane Co. stock, resulting in a net increase in Mr. Tullis's direct holdings by that amount, to 12,725 shares.

F2: The option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (04/10/2000).