<SEC-DOCUMENT>0001225208-14-003075.txt : 20140203
<SEC-HEADER>0001225208-14-003075.hdr.sgml : 20140203
<ACCEPTANCE-DATETIME>20140203171011
ACCESSION NUMBER:		0001225208-14-003075
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140130
FILED AS OF DATE:		20140203
DATE AS OF CHANGE:		20140203

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Perlitz Thomas J
		CENTRAL INDEX KEY:			0001337979

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01657
		FILM NUMBER:		14569008

	MAIL ADDRESS:	
		STREET 1:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
</SEC-HEADER>
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        <issuerName>CRANE CO /DE/</issuerName>
        <issuerTradingSymbol>CR</issuerTradingSymbol>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06902-6784</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            </securityTitle>
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            </expirationDate>
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                </underlyingSecurityTitle>
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                    <footnoteId id="F1"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                </underlyingSecurityTitle>
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                <value>2014-01-30</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>3074.0000</value>
                    <footnoteId id="F4"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.0000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F8"/>
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            <expirationDate>
                <value>2019-01-28</value>
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                <underlyingSecurityTitle>
                    <value>CRANE CO. COMMON, PAR VALUE $1.00</value>
                </underlyingSecurityTitle>
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                    <value>3074.0000</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>9223.0000</value>
                </sharesOwnedFollowingTransaction>
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    <footnotes>
        <footnote id="F1">Mr. Perlitz exercised 7,500 stock options priced at $31.94, at a market price of $63.90.  The resulting after-tax gain was taken in the form of 2,481 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings.  Mr. Perlitz tendered 3,749 shares of previously owned stock to pay the exercise price of the options, and 1,270 shares were withheld to pay taxes on the resulting gain.</footnote>
        <footnote id="F2">Mr. Perlitz exercised 6,750 stock options priced at $43.72, at a market price of $63.90.  The resulting after-tax gain was taken in the form of 1,410 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings.  Mr. Perlitz tendered 4,619 shares of previously owned stock to pay the exercise price of the options, and 721 shares were withheld to pay taxes on the resulting gain.</footnote>
        <footnote id="F3">Mr. Perlitz exercised 4,500 stock options priced at $50.03, at a market price of $63.90.  The resulting after-tax gain was taken in the form of 649 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings.  Mr. Perlitz tendered 3,524 shares of previously owned stock to pay the exercise price of the options, and 327 shares were withheld to pay taxes on the resulting gain.</footnote>
        <footnote id="F4">Mr. Perlitz exercised 3,074 stock options priced at $48.59, at a market price of $63.90.  The resulting after-tax gain was taken in the form of 493 shares of Crane Co. Stock, resulting in a net increase in Mr. Perlitz's direct holdings.  Mr. Perlitz tendered 2,338 shares of previously owned stock to pay the exercise price of the options, and 243 shares were withheld to pay taxes on the resulting gain.</footnote>
        <footnote id="F5">This option vested 50% on the second anniversary of the grant date (01/23/2012).  The remaining 50% will vest on the third and fourth anniversary of the grant date.</footnote>
        <footnote id="F6">This option vested 25% on the first, 50% on the second, 75% on the third anniversary of the grant date (01/24/2011).  The remaining 25% will vest on the fourth anniversary of the grant date.</footnote>
        <footnote id="F7">The remaining 25% vested on the fourth anniversary of the grant date (01/25/2010).</footnote>
        <footnote id="F8">This option vested 25% on the first anniversary of the grant date (01/28/2013).  The remaining 75% will vest on the second, third and fourth anniversary of the grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Attorney In Fact, Christopher Dee</signatureName>
        <signatureDate>2014-02-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
