CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

Aug 15, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2005-06-30

Reporting Person: TORCOLINI ROBERT J (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-31	Series A Convertible Preferred Stock Units	$0	A	20.06	Acquired		Common Stock (20.06)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	102370.39	Direct
Common Stock	2438.99	Indirect

Footnotes

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

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.