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: 2005-12-13

Reporting Person: FITZPATRICK J MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-13	Common Stock	M	1000	$36.50	Acquired	2595.13	Direct
2005-12-13	Common Stock	S	1000	$69.04	Disposed	1595.13	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-13	Director Stock Option (Right to Buy)	$36.50	M	1000	Disposed	2007-01-21	Common Stock (1000)	Direct

Footnotes

F1: Includes shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program.

F2: The reporting person was granted an option to purchase stock as part of his director's compensation with an effective grant date of 01/21/1997.