Crane NXT, Co. — Director's Dealing 2012

Mar 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2012-03-01

Reporting Person: Perlitz Thomas J (VP Corp Strtgy Grp Pres Cntrls)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	CRANE CO. COMMON, PAR VALUE $1.00	M	10266.0000	$16.4300	Acquired	27526.0000	Direct
2012-03-01	CRANE CO. COMMON, PAR VALUE $1.00	F	5703.0000	$48.7500	Disposed	21823.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-01	Employee Stock Option (Right to Buy)	$16.4300	M	10266.0000	Disposed	2015-01-26	CRANE CO. COMMON, PAR VALUE $1.00 (10266.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2711.0000	Indirect

Footnotes

F1: Mr. Perlitz exercised 10,266 stock options priced at $16.43, at a market price of $48.75. The resulting after-tax gain was taken in the form of 4,563 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings to 21,823 shares. Mr. Perlitz tendered 3,460 shares of previously owned stock to pay the exercise price of the options, and 2,243 shares were withheld to pay taxes on the resulting gain.

F2: This option vested 25% on the first, 50% on the second, 75% on the third and 100% on the fourth anniversary of the grant date (01/26/2009).