Crane NXT, Co. — Director's Dealing 2011

Apr 27, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2011-04-18

Reporting Person: Switter Edward S (Vice President - Taxes)

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2991.0000	Direct
CRANE CO. COMMON, PAR VALUE $1.00	724.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$16.4300	2015-01-26	CRANE CO. COMMON, PAR VALUE $1.00 (4000.0000)		Direct
Employee Stock Option (Right to Buy)	$31.9400	2016-01-25	CRANE CO. COMMON, PAR VALUE $1.00 (5000.0000)		Direct
Employee Stock Option (Right to Buy)	$36.2600	2016-04-19	CRANE CO. COMMON, PAR VALUE $1.00 (5000.0000)		Direct
Employee Stock Option (Right to Buy)	$36.4600	2014-01-28	CRANE CO. COMMON, PAR VALUE $1.00 (5000.0000)		Direct
Employee Stock Option (Right to Buy)	$36.6400	2013-01-29	CRANE CO. COMMON, PAR VALUE $1.00 (5000.0000)		Direct
Employee Stock Option (Right to Buy)	$43.7200	2017-01-24	CRANE CO. COMMON, PAR VALUE $1.00 (8000.0000)		Direct
Performance-Based Restricted Share Unit	$		CRANE CO. COMMON, PAR VALUE $1.00 (1300.0000)		Direct
Restricted Share Unit	$		CRANE CO. COMMON, PAR VALUE $1.00 (2775.0000)		Direct

Footnotes

F1: This option vests 25% one year, 50% two years, 75% three years and 100% four years after the date of (01/26/2009).

F2: This option vests 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (01/25/2010).

F3: This option vests 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (04/19/2010).

F4: This option vests 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (01/28/2008).

F5: This option vests 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (01/29/2007).

F6: This option vests 25% one year, 50% two years, 75% three years and 100% four years after the date of grant (01/24/2011).

F7: Assuming the performance conditions specified in footnote 8 are met, the Performance-Based RSUs will vest on December 31, 2013, provided the recipient remains employed by the Company; or upon the recipient's earlier retirement, death or permanent disability; or upon a change in control of the Company.

F8: Each Performance-Based RSU represents a contingent right to receive a number of shares of Crane Co. common stock between zero and 1.75, depending upon the Total Shareholder Return of Crane Co.'s common stock compared to that of the companies in the S&P MidCap 400 Capital Goods Group during the period beginning January 1, 2011 and ending December 31, 2013.

F9: 25% of the Restricted Share Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Share Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company.

F10: A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.

F11: Each Restricted Share Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or in the event of a change in control of the Company.