CARPENTER TECHNOLOGY CORP — Director's Dealing 2004

Nov 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2004-10-28

Reporting Person: ROSSIN ADA E (Right to nominate director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-30	Common Stock	J	2160	—	Acquired	2160	Indirect
2004-08-30	Common Stock	J	2160	—	Disposed	1003725	Indirect
2004-10-28	Common Stock	S	25000	$47.9241	Disposed	220450	Indirect
2004-10-29	Common Stock	S	110225	$47.5022	Disposed	110225	Indirect
2004-11-01	Common Stock	S	110225	$47.0957	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	893885	Direct
Common Stock	108844	Indirect

Footnotes

F1: Distribution from the Peter C. Rossin Estate under Article 6th of the Will of Peter C. Rossin dated September 1, 1998 to the Ada E. Rossin Irrevocable Non-QTIP Trust, Ada E. Rossin Trustee and Beneficiary.

F2: Indirect ownership as Trustee of the Ada E. Rossin Irrevocable Non-QTIP Trust created under Article 6th of the Will of Peter C. Rossin dated September 1, 1998.

F3: Distribution to the Ada E. Rossin Irrevocable Non-QTIP Trust from the Peter C. Rossin Estate under Article 6th of the Will of Peter C. Rossin dated September 1, 1998.

F4: Indirect Ownership as Executrix of the Estate of Peter C. Rossin.

F5: Indirect ownership as Trustee of the Peter C. and Ada E. Rossin Charitable Remainder Unitrust dated April 8, 1998.

F6: Indirect ownership as Co-Trustee of trusts created pursuant to an Irrevocable Deed of Trust dated July 12, 1989 (Peter C. and Ada E. Rossin, Grantors). The reporting person disclaims beneficial ownership of these securities and the filing of this Form 4 is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16, or for any other purposes.