CARPENTER TECHNOLOGY CORP — Director's Dealing 2003

Oct 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2003-09-30

Reporting Person: OATES DENNIS M (Sr. VP-Engineered Products Op)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-30	Common Stock	A	5000	—	Acquired	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-30	Employee Stock Option (Right to Buy)	$21.44	A	30000	Acquired	2013-09-30	Common Stock (30000)	Direct

Footnotes

F1: The reporting person was awarded restricted stock under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees

F2: The reporting person was granted an option to buy shares of common stock under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees