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Filing Details

Accession Number:: 0001225208-11-012478
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-04-28 16:53:01
Reporting Period:: 2011-04-26

Filing Date:: 2011-04-28
Accepted Time:: 2011-04-28 16:53:01
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
25445	Crane Co	CR	Miscellaneous Fabricated Metal Products (3490)	131952290

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1187925	C Eric Fast	100 First Stamford Place Stamford CT 06902-6784	President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Crane Co. Common, Par Value $1.00	Acquisiton	2011-04-26	25,000	$23.23	120,985	No	4	M	Direct
Crane Co. Common, Par Value $1.00	Disposition	2011-04-26	17,183	$49.86	103,802	No	4	F	Direct
Crane Co. Common, Par Value $1.00	Acquisiton	2011-04-27	25,000	$23.23	128,802	No	4	M	Direct
Crane Co. Common, Par Value $1.00	Disposition	2011-04-27	17,170	$49.95	111,632	No	4	F	Direct
Crane Co. Common, Par Value $1.00	Disposition	2011-04-26	34,234	$49.79	279,472	No	4	S	Indirect	By GRAT
Crane Co. Common, Par Value $1.00	Disposition	2011-04-26	12,735	$49.82	40,902	No	4	S	Indirect	Fast Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Indirect	By GRAT
No	4	S	Indirect	Fast Family Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Crane Co. Common, Par Value $1.00	Employee Stock Option (Right to Buy)	Disposition	2011-04-26	25,000	$0.00	25,000	$23.23
Crane Co. Common, Par Value $1.00	Employee Stock Option (Right to Buy)	Disposition	2011-04-27	25,000	$0.00	25,000	$23.23

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
25,000		2012-01-28	No	4	M	Direct
0		2012-01-28	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Crane Co. Common, Par Value $1.00	2,863	Indirect	401(K)

Footnotes

Mr. Fast exercised 25,000 stock options priced at $23.23, at a market price of $49.86. The resulting after-tax gain was taken in the form of 7,817 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 103,802 shares. Mr. Fast tendered 11,648 shares of previously owned stock to pay the exercise price of the options, and 5,535 shares were withheld to pay taxes on the resulting gain.
Mr. Fast exercised 25,000 stock options priced at $23.23, at a market price of $49.95. The resulting after-tax gain was taken in the form of 7,830 shares of Crane Co. stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 111,632 shares. Mr. Fast tendered 11,627 shares of previously owned stock to pay the exercise price of the options, and 5,543 shares were withheld to pay taxes on the resulting gain.
34,234 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 1, a grantor retained annuity trust for the benefit of Mr. Fast's spouse and adult children.
Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $49.65 to $49.99. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
12,735 shares of Crane Co. common stock were sold by the Fast Family Trust for the benefit of Mr. Fast's spouse and adult children.
Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $49.72 to $50.02. The reporting person undertakes to provide, upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
The option vested 50% one year, 75% two years, and 100% three years after the date of grant (01/28/2002).