Crane NXT, Co. — Director's Dealing 2012

Feb 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2012-02-15

Reporting Person: TULLIS JAMES L L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-15	CRANE CO. COMMON, PAR VALUE $1.00	M	2000.0000	$28.3800	Acquired	5225.0000	Direct
2012-02-15	CRANE CO. COMMON, PAR VALUE $1.00	F	1157.0000	$49.0600	Disposed	4068.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-15	Director Stock Option(Right to Buy)	$28.3800	M	2000.0000	Disposed	2012-04-22	CRANE CO. COMMON, PAR VALUE $1.00 (2000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2000.0000	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	500.0000	Indirect
CRANE CO. COMMON, PAR VALUE $1.00	1000.0000	Indirect

Footnotes

F1: Mr. Tullis exercised 2,000 stock options priced at $28.38, at a market price of $49.06. Such options were granted on 4/22/02 with an expiration date of 4/22/12. Mr. Tullis tendered 1,157 shares of previously owned stock to pay the exercise price of the options. The resulting gain was taken in the form of 843 shares of Crane Co. stock, resulting in a net increase in Mr. Tullis's direct holdings by that amount, to 4,068 shares.

F2: This option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (04/22/2002).