Crane NXT, Co. — Director's Dealing 2014

Jan 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRANE CO /DE/ (CR)
CIK: 0000025445
Period of Report: 2013-12-31

Reporting Person: TULLIS JAMES L L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-31	CRANE CO. COMMON, PAR VALUE $1.00	M	2000.0000	$41.3700	Acquired	8971.0000	Direct
2013-12-31	CRANE CO. COMMON, PAR VALUE $1.00	F	1231.0000	$67.2500	Disposed	7740.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-31	Director Stock Option(Right to Buy)	$41.3700	M	2000.0000	Disposed	2016-04-24	CRANE CO. COMMON, PAR VALUE $1.00 (2000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
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 $41.37, at a market price of $67.25. Such options were granted on 4/24/06 with an expiration date of 4/24/16. Mr. Tullis tendered 1,231 shares of previously owned stock to pay the exercise price of the options. The resulting gain was taken in the form of 769 shares of Crane Co. stock, resulting in a net increase in Mr. Tullis's direct holdings by that amount.

F2: This option vested 50% on the first, 75% on the second and 100% on the third anniversary of the grant date (04/24/06).