CARPENTER TECHNOLOGY CORP — Director's Dealing 2003

Aug 14, 2003

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2003-06-30

Reporting Person: CHRISTIANSEN DAVID A (VP Gen Counsel and Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2002-12-31	Series A Convertible Preferred Stock Units	$0	A	26	Acquired	1988-08-08	Common Stock (26)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2854	Indirect
Common Stock	1892	Direct

Footnotes

F1: Includes approximately 31 shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program at prices ranging from 11.14 to 16.31

F2: Includes shares acquired under the Savings Plan of Carpenter Technology Corporation. The share balance under the Savings Plan of Carpenter Technology fluctuates due to rounding differences produced by the Plan's method of estimating shares

F3: Series A Convertible Preferred Stock Units were allocated to Participants under the Carpenter Technology Corporation Employee Stock Ownership Plan. Units, which are convertible into shares of common stock, vest after the completion of five years of employment, subject to certain conditions