CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

Jun 14, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2005-06-10

Reporting Person: PRATT GREGORY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-10	Common Stock	M	4000	$25.59	Acquired	7972.0255	Direct
2005-06-10	Common Stock	S	4000	$55.29	Disposed	3972.0255	Direct
2005-06-10	Common Stock	M	2000	$23.08	Acquired	5972.0255	Direct
2005-06-10	Common Stock	S	2000	$55.308	Disposed	3972.0255	Direct
2005-06-10	Common Stock	M	4000	$10.45	Acquired	7972.0255	Direct
2005-06-10	Common Stock	S	4000	$55.311	Disposed	3972.0255	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-10	Director Stock Option (Right to Buy)	$25.59	M	4000	Disposed	2013-10-27	Common Stock (4000)	Direct
2005-06-10	Director Stock Option (Right to Buy)	$23.08	M	2000	Disposed	2012-07-31	Common Stock (2000)	Direct
2005-06-10	Director Stock Option (Right to Buy)	$10.45	M	4000	Disposed	2012-10-28	Common Stock (4000)	Direct

Footnotes

F1: The reporting person was granted an option to purchase stock as part of his director's compensation under the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors.