CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

Jul 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2005-07-22

Reporting Person: SHOR MICHAEL L (Sr. VP-Engineered Products Op.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-22	Common Stock	A	5000	—	Acquired	38520.12	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7654.33	Indirect

Footnotes

F1: The reporting person was granted a performance-based restricted stock award with an effective grant date of June 30, 2005, based on financial results for the fiscal year ended June 30, 2005. The public release of those financial results was approved on July 22, 2005, by the Audit/Finance Committee of Carpenter's Board of Directors.

F2: Includes shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program.

F3: 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.