SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* Baron Curtis A JR (Last) (First) (Middle) 100 FIRST STAMFORD PLACE (Street) STAMFORD CT 06902-6784 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/05/2011	3. Issuer Name and Ticker or Trading Symbol CRANE CO /DE/ [ CR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice President, Controller	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
CRANE CO. COMMON, PAR VALUE $1.00	1,188	D
CRANE CO. COMMON, PAR VALUE $1.00	151	I	401(K)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(1)	01/26/2015	CRANE CO. COMMON, PAR VALUE $1.00	4,000	$16.43	D
Employee Stock Option (Right to Buy)	(1)	01/25/2016	CRANE CO. COMMON, PAR VALUE $1.00	5,000	$31.94	D
Employee Stock Option (Right to Buy)	(1)	01/28/2014	CRANE CO. COMMON, PAR VALUE $1.00	4,000	$36.46	D
Employee Stock Option (Right to Buy)	(1)	01/24/2017	CRANE CO. COMMON, PAR VALUE $1.00	6,000	$43.72	D
Employee Stock Option (Right to Buy)	(1)	09/24/2013	CRANE CO. COMMON, PAR VALUE $1.00	5,000	$46.48	D
Restricted Share Unit	(2)	(3)	CRANE CO. COMMON, PAR VALUE $1.00	3,125	(4)	D

Explanation of Responses:

1. These options vest 25% one year, 50% two years, 75% three years and 100% four years after the date of grant. The dates of grant of each option are as follows: exercise price $46.48, date of grant 9/24/2007; exercise price $36.46, date of grant 1/28/2008; exercise price $16.43, date of grant 1/26/2009; exercise price $31.94, date of grant 1/25/2010; exercise price $43.72, date of grant 1/14/2011.

2. 25% of the Restricted Share 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 Share 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. The dates and amounts of grants were as follows: on 1/26/2009, 1,000 RSUs were granted, of which 500 have vested; on 1/25/2010, 1,500 RSUs were granted, of which 375 have vested; and on 1/24/2011, 1,500 RSUs were granted, of which none have vested.

3. A Restricted Share Unit is forfeited if the recipient ceases to be employed by the Company before it has been converted to Common Stock.

4. Each Restricted Share 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.

	Curtis A. Baron, Jr.	12/09/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.