CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

Oct 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2005-10-24

Reporting Person: TURNER KATHRYN C (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-24	Stock Units	$	A	765.31	Acquired		Common Stock (765.31)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1485.18	Direct

Footnotes

F1: Includes 3.86 shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program at a price of $57.54 per share.

F2: Converts to common stock on a 1-for-1 basis

F3: Payable upon retirement

F4: Includes dividend equivalents