Crane NXT, Co. — Director's Dealing 2011

Apr 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BIGELOW E THAYER (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-18	Deferred Stock Units	$	A	1062.0000	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (1062.0000)	Direct
2011-04-18	Deferred Stock Units	$	A	114.0000	Acquired		CRANE CO. COMMON, PAR VALUE $1.00 (114.0000)	Direct
2011-04-18	Director Stock Option(Right to Buy)	$47.0800	A	2000.0000	Acquired	2021-04-18	CRANE CO. COMMON, PAR VALUE $1.00 (2000.0000)	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.