Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Lavish James A.
  2. Issuer Name and Ticker or Trading Symbol
CRANE CO /DE/ [CR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP, CBS, People & Performance
(Last)
(First)
(Middle)
100 FIRST STAMFORD PLACE
3. Date of Earliest Transaction (Month/Day/Year)
08/16/2016
(Street)

STAMFORD, CT 06902-6784
4. If Amendment, Date Original Filed(Month/Day/Year)
08/16/2016
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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 08/16/2016   M   2,662 (1) A $ 58.47 10,658 D  
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016   M   2,500 (2) A $ 50.03 13,158 D  
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016   M   1,300 (3) A $ 48.59 14,458 D  
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016   F   1,090 (3) D $ 64.3 13,368 D  
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016   F   2,133 (2) D $ 64.3 11,235 D  
CRANE CO. COMMON, PAR VALUE $1.00 08/16/2016   F   2,503 (1) D $ 64.3 8,732 D  
CRANE CO. COMMON, PAR VALUE $1.00               37 I 401(K)
CRANE CO. COMMON, PAR VALUE $1.00               1,295 I DRP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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) $ 50.03 08/16/2016   M     2,500 (2)   (4) 01/23/2018 CRANE CO. COMMON, PAR VALUE $1.00 2,500 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 58.47 08/16/2016   M     2,662 (1)   (5) 01/26/2025 CRANE CO. COMMON, PAR VALUE $1.00 2,662 $ 0 7,987 D  
Employee Stock Option (Right to Buy) $ 48.59 08/16/2016   M     1,300 (3)   (6) 01/28/2019 CRANE CO. COMMON, PAR VALUE $1.00 1,300 $ 0 1,300 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Lavish James A.
100 FIRST STAMFORD PLACE
STAMFORD, CT 06902-6784
      VP, CBS, People & Performance  

Signatures

 Attorney In Fact, Alishba Kassim   02/07/2019
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Mr. Lavish exercised 2,662 stock options, priced at $58.47 and due to expire January 2025, at a market price of $64.30. The resulting after tax gain was taken in the form of 159 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 2,421 shares of previously owned stock to pay the exercise price of the options, and 82 shares were withheld to pay taxes on the resulting gain.
(2) Mr. Lavish exercised 2,500 stock options, priced at $50.03 and due to expire January 2018, at a market price of $64.30. The resulting after tax gain was taken in the form of 367 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 1,946 shares of previously owned stock to pay the exercise price of the options, and 187 shares were withheld to pay taxes on the resulting gain.
(3) Mr. Lavish exercised 1,300 stock options, priced at $48.59 and due to expire January 2019, at a market price of $64.30. The resulting after tax gain was taken in the form of 210 shares of Crane Co. Stock, resulting in a net increase in Mr. Lavish's direct holdings by that amount. Mr. Lavish tendered 983 shares of previously owned stock to pay the exercise price of the options, and 107 shares were withheld to pay taxes on the resulting gain.
(4) 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 (01/23/2012)
(5) The remaining 50% will vest on the third and fourth anniversary of the grant date (01/26/2015).
(6) The remaining 25% will vest on the fourth anniversary of the grant date (1/28/2013).
 
Remarks:
This form is being amended to correct a clerical error in reporting an exercise of an Employee Stock Option on August 16, 2016.  2662 Options were exercised and not 2622 as previously reported.

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