Crane NXT, Co. — Director's Dealing 2012

Jan 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2011-12-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-30	CRANE CO. COMMON, PAR VALUE $1.00	M	7500.0000	$36.6400	Acquired	22858.0000	Direct
2011-12-30	CRANE CO. COMMON, PAR VALUE $1.00	F	6578.0000	$46.7100	Disposed	16280.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-30	Employee Stock Option (Right to Buy)	$36.6400	M	7500.0000	Disposed	2013-01-29	CRANE CO. COMMON, PAR VALUE $1.00 (7500.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CRANE CO. COMMON, PAR VALUE $1.00	2696.0000	Indirect

Footnotes

F1: Mr. Perlitz exercised 7,500 stock options priced at $36.64, at a market price of $46.71. The resulting after-tax gain was taken in the form of 922 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings by that amount. Mr. Perlitz tendered 5,884 shares of previously owned stock to pay the exercise price of the options, and 694 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 (01/29/2007).