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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1. Name and Address of Reporting Person * Curran Brendan   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) Group President, Aerospace (Last) (First) (Middle) 100 FIRST STAMFORD PLACE 3. Date of Earliest Transaction (Month/Day/Year) 02/24/2017 (Street) STAMFORD, CT 06902 4. If Amendment, Date 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 (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 02/24/2017   M   8,052 A $ 43.57 16,424 D   CRANE CO. COMMON, PAR VALUE $1.00 02/24/2017   S   8,052 (1) D $ 71.2189 (2) 8,372 D   CRANE CO. COMMON, PAR VALUE $1.00 02/24/2017   M   4,260 A $ 58.47 12,632 D   CRANE CO. COMMON, PAR VALUE $1.00 02/24/2017   S   2,800 (3) D $ 71.2189 (2) 9,832 D   CRANE CO. COMMON, PAR VALUE $1.00 02/24/2017   S   1,780 D $ 71.18 8,052 D

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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)

$ 43.57

02/24/2017

M

8,052

(4)

01/25/2026

CRANE CO. COMMON, PAR VALUE $1.00

8,052

$ 0

24,157

D

Employee Stock Option (Right to Buy)

$ 58.47

02/24/2017

M

4,260

(5)

01/26/2025

CRANE CO. COMMON, PAR VALUE $1.00

4,260

$ 0

12,779

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Curran Brendan 100 FIRST STAMFORD PLACE STAMFORD, CT 06902			Group President, Aerospace

Signatures

Attorney In Fact, Christopher Dee		02/27/2017
**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)	Concurrent sale of shares resulting from an exercise of options granted on 1/25/2016 and expiring on 1/25/2026.
(2)	Weighted average price at which shares were sold in multiple same-day transactions at prices ranging from $70.83 to $71.57. 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.
(3)	Concurrent sale of shares resulting from an exercise of options granted on 1/26/2015 and expiring on 1/26/2025.
(4)	This option vested 25% on the first anniversary of the grant date (01/25/2016). The remaining 75% will vest on the second, third and fourth anniversary of the grant date.
(5)	This option vested 25% on the first and 50% on the second anniversary of the grant date (01/26/2015). The remaining 50% will vest on the third and fourth anniversary of the grant date.

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