<SEC-DOCUMENT>0001225208-13-007870.txt : 20130318
<SEC-HEADER>0001225208-13-007870.hdr.sgml : 20130318
<ACCEPTANCE-DATETIME>20130318174513
ACCESSION NUMBER:		0001225208-13-007870
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130314
FILED AS OF DATE:		20130318
DATE AS OF CHANGE:		20130318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ELLIS BRADLEY
		CENTRAL INDEX KEY:			0001230095

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01657
		FILM NUMBER:		13699188

	MAIL ADDRESS:	
		STREET 1:		CRANE CO
		STREET 2:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06907

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRANE CO /DE/
		CENTRAL INDEX KEY:			0000025445
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				131952290
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		CRANE CO.
		STREET 2:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		203-363-7300

	MAIL ADDRESS:	
		STREET 1:		CRANE CO.
		STREET 2:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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    <periodOfReport>2013-03-14</periodOfReport>

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        <issuerName>CRANE CO /DE/</issuerName>
        <issuerTradingSymbol>CR</issuerTradingSymbol>
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            <rptOwnerName>ELLIS BRADLEY</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>100 FIRST STAMFORD PLACE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06902-6784</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOfficer>1</isOfficer>
            <officerTitle>Group President, Merch. Syst.</officerTitle>
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                    <value>55.9600</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>CRANE CO. COMMON, PAR VALUE $1.00</value>
            </securityTitle>
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                <value>2013-03-14</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>20386.0000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>55.9600</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <sharesOwnedFollowingTransaction>
                    <value>141582.0000</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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            <securityTitle>
                <value>CRANE CO. COMMON, PAR VALUE $1.00</value>
            </securityTitle>
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                <sharesOwnedFollowingTransaction>
                    <value>5737.0000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
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                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
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                    <value>401(K)</value>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>CRANE CO. COMMON, PAR VALUE $1.00</value>
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                </sharesOwnedFollowingTransaction>
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                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>DRP</value>
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        </nonDerivativeHolding>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>31.9400</value>
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            <transactionDate>
                <value>2013-03-14</value>
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            <transactionAmounts>
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                    <value>26250.0000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.0000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-01-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>CRANE CO. COMMON, PAR VALUE $1.00</value>
                </underlyingSecurityTitle>
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                    <value>26250.0000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
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                <value>2013-03-14</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>4496.0000</value>
                    <footnoteId id="F3"/>
                </transactionShares>
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                    <value>0.0000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-01-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>CRANE CO. COMMON, PAR VALUE $1.00</value>
                </underlyingSecurityTitle>
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                    <value>4899.0000</value>
                    <footnoteId id="F2"/>
                </transactionShares>
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                    <value>0.0000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
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            <exerciseDate>
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                <value>2014-01-28</value>
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                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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    <footnotes>
        <footnote id="F1">Mr. Ellis exercised 26,250 stock options priced at $31.94, at a market price of $55.96.  The resulting after-tax gain was taken in the form of 5,864 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount.   Mr. Ellis tendered 14,983 shares of previously owned stock to pay the exercise price of the options, and 5,403 shares were withheld to pay taxes on the resulting gain.</footnote>
        <footnote id="F2">Mr. Ellis exercised 4,899 stock options priced at $36.46, at a market price of $55.96.  The resulting after-tax gain was taken in the form of 1,122 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount.   Mr. Ellis tendered 3,192 shares of previously owned stock to pay the exercise price of the options, and 585 shares were withheld to pay taxes on the resulting gain.</footnote>
        <footnote id="F3">Mr. Ellis exercised 4,496 stock options priced at $16.43, at a market price of $55.96.  The resulting after-tax gain was taken in the form of 1,653 shares of Crane Co. Stock, resulting in a net increase in Mr. Ellis's direct holdings by that amount.   Mr. Ellis tendered 1,321 shares of previously owned stock to pay the exercise price of the options, and 1,522 shares were withheld to pay taxes on the resulting gain.</footnote>
        <footnote id="F4">This option vested 25% on the first, 50% on the second and 75% on the third anniversary of the grant date (01/25/2010).  The remaining 25% will vest on the fourth anniversary of the grant date.</footnote>
        <footnote id="F5">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).</footnote>
        <footnote id="F6">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 (01/28/2008).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Attorney In Fact, Christopher Dee</signatureName>
        <signatureDate>2013-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
