CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

Jun 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2005-06-20

Reporting Person: FITZPATRICK J MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-20	Common Stock	M	4000	$10.45	Acquired	5587.5	Direct
2005-06-20	Common Stock	S	4000	$56.995	Disposed	1587.5	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-20	Director Stock Option (Right to Buy)	$10.45	M	4000	Disposed	2012-10-28	Common Stock (4000)	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 10/28/2002.