CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

Jul 1, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: CHRISTIANSEN DAVID A (VP, Gen. Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-30	Common Stock	A	1875	—	Acquired	18212.78	Direct
2005-06-30	Common Stock	F	1990	$51.80	Disposed	16222.78	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3176.73	Indirect

Footnotes

F1: The reporting person was granted restricted stock under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees.

F2: In connection with the vesting of previously reported restricted shares

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.