SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* FAST ERIC C (Last) (First) (Middle) 100 FIRST STAMFORD PLACE (Street) STAMFORD CT 06902-6784 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CRANE CO /DE/ [ CR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer
	3. Date of Earliest Transaction (Month/Day/Year) 05/20/2013
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
CRANE CO. COMMON, PAR VALUE $1.00	05/20/2013		M		50,000(1)	A	$31.94	195,031	D
CRANE CO. COMMON, PAR VALUE $1.00	05/20/2013		F		37,892(2)	D	$60.24	157,139	D
CRANE CO. COMMON, PAR VALUE $1.00	05/21/2013		G		2,000(3)	D	$0.0000	155,139	D
CRANE CO. COMMON, PAR VALUE $1.00	05/21/2013		S		16,309	D	$60.0463(4)	138,830	D
CRANE CO. COMMON, PAR VALUE $1.00	05/21/2013		S		31,684(5)	D	$60.1437(6)	202,880	I	By GRAT
CRANE CO. COMMON, PAR VALUE $1.00								3,513	I	401(K)
CRANE CO. COMMON, PAR VALUE $1.00								72,522	I	By family trusts

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$31.94	05/20/2013		M			50,000(2)	(7)	01/25/2016	CRANE CO. COMMON, PAR VALUE $1.00	50,000	$0.0000	130,000	D

Explanation of Responses:

1. Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.

2. Mr. Fast exercised 50,000 stock options priced at $31.94, at a market price of $60.24. The resulting after-tax gain was taken in the form of 12,108 shares of Crane Co. Stock, resulting in a net increase in Mr. Fast's direct holdings by that amount, to 157,139 shares. Mr. Fast tendered 26,511 shares of previously owned stock to pay the exercise price of the options, and 11,381 shares were withheld to pay taxes on the resulting gain.

3. 2,000 shares were transferred to Fidelity Charitable Gift Fund, allocated by the Fund to the Fast Giving Account, and subsequently sold by the Fund.

4. Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $59.81 to $60.54. 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.

5. 31,684 shares of Crane Co. common stock were sold by the Eric C. Fast 2010 GRAT No. 2, a grantor retained annuity trust for the benefit of Mr. Fast's spouse and adult children.

6. Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $59.82 to $60.40. 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.

7. The remaining 25% will vest on the fourth anniversary of the grant date (01/25/2014).

Remarks:

After these transactions, Mr. Fast's total beneficial holdings of Crane Co. stock, including Restricted Share Units, are 452,545.

	Attorney In Fact, Christopher Dee	05/22/2013
	** Signature of Reporting Person	Date
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