X0303 4 2010-01-25 0000025445 CRANE CO /DE/ CR 0001375072 KRAWITT ANDREW L 100 FIRST STAMFORD PLACE STAMFORD CT 06902-6784 1 Vice President, Treasurer Employee Stock Option (Right to Buy) 31.94 2010-01-25 4 A 0 15000 0 A 2016-01-25 CRANE CO. COMMON, PAR VALUE $1.00 15000 15000 D Restricted Stock Units 0 2010-01-25 4 A 0 3000 0 A CRANE CO. COMMON, PAR VALUE $1.00 3000 5000 D Options become exercisable 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary, and 100% on the fourth anniversary of the date of grant. Each Restricted Stock Unit represents the right to receive one share of Crane Co. Common Stock if the recipient remains employed by the Company upon expiration of the time-based restrictions, or upon retirement, death, permanent disability, or in the event of a change in control of the Company. 25% of the Restricted Stock Units will be converted into shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant, provided the recipient remains employed by the Company; all Restricted Stock Units will be converted into shares of Common Stock upon retirement, death, permanent disability, or in the event of a change in control of the Company. A Restricted Stock Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock. Attorney In Fact, Christopher Dee 2010-01-27