CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

Dec 13, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2005-12-12

Reporting Person: Thames John E (Vice President-Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-12	Common Stock	M	3334	$28.51	Acquired	8109	Direct
2005-12-12	Common Stock	S	3334	$69.18	Disposed	4775	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-12	Employee Stock Option (Right to Buy)	$28.51	M	3334	Disposed	2014-05-24	Common Stock (3334)	Direct

Footnotes

F1: 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.